Performance-based bonuses are one of the most common types of incentives. They are typically awarded to those who achieve or exceed certain targets, from sales goals to project completion timelines. These incentives are popular because they provide a direct link between effort and reward.
Employee recognition programs are also increasingly popular. Several studies have shown the importance of employee appreciation in the workplace, and HR departments are catching on by refining their tactics and doubling down on meaningful ways to celebrate employee contributions.