Incentive Schemes

Incentive schemes are structured strategies designed to motivate individuals or organizations to achieve specific goals by offering rewards or benefits. These schemes align personal or group interests with desired outcomes, such as increased productivity, sales, or quality. Common examples include bonuses, commissions, recognition programs, or performance-based rewards. By providing tangible or intangible incentives, organizations encourage behaviors that contribute to overall success, fostering engagement and aiming to improve performance efficiently.