Question

what do you understand by incentives?​

Answer 1

Anything that can attract an employee’s attention and motivate them to work can be called as incentive. An incentive aims at improving the overall performance of an organization.

Answer 2

In basic terms,incentives refer to any factor or attribute that motivates or encourages any individual to undertake or conduct any action or do something.

Explanation:

Incentives can also be termed as motivation or inspiration to conduct any activity or action.For example,a rational individual engages in any business activity or practice,motivated by the prospect of earning revenue/income and profit.Therefore,profit and revenue are the two main incentives or motivations which drive anyone into independent business activities or entrepreneurial ventures.For any worker or employee working in a company or business organisations,some of the major incentives or motivations might commonly include monthly salary or income,work environment,nature of the work,organisational recognition or promotions,salary increment and so forth.