incentive
Something, usually a reward or good result, that makes you want to do something.
Something, especially a reward or benefit, that makes a person more willing to do something or to work harder.
Extra money or a special rule from a company or government that tries to make people or businesses act in a certain way.
A financial benefit or specific policy measure, such as a bonus, tax break, or subsidy, designed to influence people’s or organizations’ economic decisions or performance.
- Base: incentive
- Plural: incentive, incentives
as an incentive
1given in order to motivate
Used to show that something is given or done to make people want to do something.
- They offered free lunches as an incentive for staff to return to the office.
- The store gives loyalty points as an incentive to keep customers coming back.
economic incentives
1measures that guide economic choices
Money tools or special rules that governments or companies use to change how people and businesses act in the economy.
- Economic incentives can encourage companies to reduce pollution.
- The report explains how economic incentives influence consumer behavior.
financial incentive
1money-based reward to influence behavior
Extra money or a money-related benefit that is given to make people act in a certain way.
- They offered a financial incentive to employees who agreed to relocate.
- Without a strong financial incentive, few people will join the scheme.
incentive pay
1extra pay for performance
Extra money that a worker gets when they reach a goal or do very good work.
- Many sales jobs include incentive pay based on monthly results.
- The company is reviewing its incentive pay policy to make it fairer.
incentive program
1organized set of rewards
A formal plan with rewards, usually in a company or organization, to make people work or act in a certain way.
- Their customer incentive program offers points for every purchase.
- The school started an incentive program to reduce student absences.
incentive scheme
1planned system of rewards
A planned system that gives rewards to people if they act in a wanted way.
- The new incentive scheme rewards staff for cutting costs.
- Managers hope the incentive scheme will improve customer service.
provide an incentive
1give something to encourage action
To give a reward or benefit so that people will want to do something.
- Lower interest rates provide an incentive for people to borrow and spend.
- The government must provide an incentive for companies to train workers.
tax incentive
1tax benefit to encourage activity
A special tax rule or lower tax rate that tries to make people or companies do something, like invest or hire workers.
- The government introduced tax incentives for companies that invest in clean energy.
- Homeowners can get tax incentives for installing solar panels.