incentive system
/ɪnˈsɛntɪv ˈsɪstəm/ · in cen ti ve sys tem
noun
- A set of policies or practices designed to motivate individuals or groups to achieve specific goals or outcomes. The company implemented an incentive system to encourage employees to meet their sales targets.
noun
- A system that rewards or penalizes individuals or groups based on their performance or behavior. The school's incentive system for students included extra credit for participating in extracurricular activities.
Synonyms
motivation systemreward systemperformance-based systemgoal-oriented systemincentivization systemmotivational frameworkperformance incentive structure
Antonyms
Did you know? The concept of incentive systems has been studied extensively in the fields of economics, psychology, and organizational behavior, with many companies and organizations using them to improve productivity and employee satisfaction.