Implementing an incentive bonus program at a company doesn't have to be an arduous process. With targeted research and analysis, it is possible to put together a solid incentive bonus program in a short amount of time. When the right type of program is created, it will be a powerful motivating factor for employees, increase retention and raise the number of outstanding applicants a company receives when positions are open. Employees respond well to incentive bonus programs. These programs give workers something to strive for and encourage them to do their best and go beyond what's normally expected of them. When workers are giving it their all, the company benefits.

An incentive bonus program could involve awarding a number of desirable things, such as:

Additional pay
Paid time off
Stock options
Plaques and trophies
Bigger offices
Lunch with the boss
Gift certificates

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