Types of Incentive

RRHH Digital There are many ways to incentivize employees. The employer must decide what type of incentive is best based on the workplace, industry and employee satisfaction.

-Wage Incentives: wage-based incentives refer to an additional compensation intended to stimulate improved work performance. Restructuring wages may be an incentive that employees appreciate based on how current rates compare to other employers in the industry.

-Performance Incentives: reward given to employees who have met and exceeded their performance expectations and to those who have clear abilities and desire to succeed in the job. Managers provide incentives to motivate high-performing employees for their excellent work.

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