Here are some examples of incentive programs commonly implemented by organizations:

• Performance-Based Bonuses: Providing cash bonuses or additional compensation based on individual or team performance against specific targets or key performance indicators (KPIs). These targets could include sales targets, productivity goals, customer satisfaction ratings, or cost-saving achievements.
• Commission Structures: Commonly used in sales roles, commission structures offer a percentage of the revenue generated from the sales made by employees. This provides a direct financial incentive for employees to drive sales and meet or exceed their targets.
• Profit Sharing: Sharing a portion of the company’s profits with employees based on predetermined formulas or criteria. This approach aligns employees’ efforts with the organization’s financial success and can be distributed among all employees or specific teams.
• Stock Options or Equity Grants: Granting employees the option to purchase company stock or providing equity as part of their compensation package. This aligns their interests with the company’s long-term success and can be tied to specific performance goals or tenure within the organization.