Incentives are monetary or non-monetary rewards designed to motivate employees, enhance productivity, and drive business performance. Companies use incentive programs to recognize exceptional contributions, encourage goal achievement, and improve employee engagement. These incentives can be financial, such as bonuses, commissions, and profit-sharing, or non-financial, including recognition awards, career growth opportunities, and flexible work arrangements.

For industries like manufacturing, retail, logistics, and facility management, well-structured incentive programs help in reducing attrition, increasing workforce efficiency, and ensuring higher job satisfaction. Businesses leverage HRMS platforms, payroll automation, and performance tracking tools to implement customized, fair, and data-driven incentive strategies. A strong incentive structure not only attracts and retains top talent but also contributes to long-term business success.