What is Incentive?
Incentive refers to all majors in the form of monetary and non-monetary rewards, which are used to motivate people to improve performance. The needs of employees are different. Some of them can be satisfied by money, while others cannot be satisfied by only money. The incentives are classified into two categories or groups they are Financial incentives and Non- Financial incentives.
Table of Content
- I. Financial Incentives
- II. Non-Financial Incentives