Incentives
Incentives are payments or rewards, such as rebates, bonuses, or loyalty points, provided by businesses to encourage desirable customer or employee behavior.
Frequently Asked Questions
Incentives can be a highly effective way to motivate employees to meet specific performance goals. Besides driving results, rewarding employees for a job well done may also contribute to a more positive work environment and help improve retention.
Rebates on purchases such as appliances, incentives to try or buy a product, and rewards points for frequent purchases are just a few ways businesses can use rewards to drive sales and loyalty.
Incentives can be delivered in various ways, depending on the amount, reason and recipient. For instance, employee incentives may include gift cards, prepaid cards or transfers directly to the recipient’s bank account. Virtual and physical prepaid cards are commonly used to issue consumer payouts, such as rebates or test-drive incentives.
