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WebFeb 3, 2024 · What is an incentive scheme? An incentive scheme is a program that managers or other company leaders can use to motivate and retain team members. Incentive schemes can take a variety of forms, including: Prizes or rewards Special privileges Public recognition Increased perks or benefits WebApr 10, 2024 · The most commonly used financial incentives are: Pay and allowance salary is the basic incentive given to every employee to work efficiently and effectively in an organization. This includes the basic pay, dearness allowance, clothing allowances, house rent allowances, and other similar allowances. It is paid most commonly monthly. faldon volvo
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