Incentive Scheme (Noun)
Meaning
A formal scheme for inducing someone (as employees) to do something.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The company introduced an incentive scheme to motivate employees to increase sales.
- The new incentive scheme offered bonuses to employees who met or exceeded their quarterly targets.
- The government implemented an incentive scheme to encourage people to buy electric cars.
- The incentive scheme for employees included rewards such as extra vacation days and flexible working hours.
- The company's incentive scheme was designed to reward employees for suggesting cost-saving ideas and improving efficiency.