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Best Employee Incentive Programs 2023

If you're interested in becoming a great HR professional, then check out our HR Certification Courses here: https://hr.university/hr-certificatio... __ Employee incentive programs that we’ll cover in this lesson are monetary incentive programs, non-monetary incentive programs, recognition and appreciation programs, goal-setting and feedback programs, work-life balance programs, gamification programs, and personalized incentive programs. Let’s start with monetary incentive programs. Monetary incentives are one of the most commonly used employee incentive programs. These programs involve financial rewards for employees who meet or exceed specific goals or performance metrics. Here are a few examples of monetary incentive programs that businesses offer their employees. Cash bonuses are a popular incentive program where employees receive a lump sum of money as a reward for their hard work or for achieving specific targets. Profit sharing, on the other hand, involves sharing a portion of the company's profits with employees. To learn more, watch the video. __ An easy way to subscribe to our channel to keep up with everything HR is to go here: https://bit.ly/2XvC66R Join our HR community of 7,000+ professionals here: https://bit.ly/join-hru Connect with me here: LinkedIn:   / joshua-fechter   Twitter:   / joshfechter5   Instagram:   / joshua.fechter   #EmployeeIncentivePrograms #HRUniversity #JoshFechter