It refers to an object or maybe a desired item of value or an event that influences an employee to do the desired outcome as forecasted by the employer.
The below categories are some of the most common forms.
What are the common reasons behind employee incentivization?
In an organization, depending on the type of incentive, the team may or may not work. For example, if you provide individual employee incentives, that will destroy teamwork and collaboration, and everyone will start working individually.
Wrong incentivization (misjudging a wrong behavior) might destroy the positivity and performance of the organization as a whole.