Definition - What does Incentive Program mean?
In general, an incentive program is an intentionally designed plan that seeks to encourage specific behaviors. It is a set group of policies and procedure governing the use of incentives within the company. In the context of workplace health promotion, an incentive program is one tool used to encourage worker participation and safety. Incentive programs will incorporate a collection of incentives and goals. An incentive program may be limited to a specific period of time or be ongoing.
SureHire explains Incentive Program
An incentive program to encourage wellness participation is an employer's purposeful strategy to incorporate incentives into its comprehensive wellness promotion program, including safety. The incentive program is used to plan, communicate, manage, and administer any incentives offered as part of the employer's health promotion campaign. Which incentives to include can be determined with help form employee surveys. Incentive programs may set outcome and progress-based goals, as well as seeking to increase employee participation. Offering incentives has been demonstrated to increase employee participation in a variety of employer goals or programs, including a health and wellness program.
Incentive program goals may vary widely depending upon the goal of the incentive. If the goal is to encourage workplace safety, there may be incentives offered to employees if the company reaches a certain number of days without an accident or if all safety procedures are being followed in a particular section of the worksite. Incentive programs should base goals upon the behavior they are intended to influence.
