Performance Incentives

Performance incentives are rewards designed to motivate individuals or teams to achieve specific goals or improve their performance. These can include bonuses, commissions, promotions, or public recognition tied to achieving targets or surpassing expectations. The idea is that by offering a tangible reward, people are encouraged to work harder and more effectively, leading to better outcomes for both themselves and the organization. Performance incentives can foster a culture of achievement and accountability, aligning personal goals with the overall objectives of the organization or team.