Incentivised

To incentivize something is to provide someone with a reason, or motivation, to do something, typically in the form of a reward or positive consequence. This encouragement aims to increase the likelihood of a desired action or outcome. The 'incentive' serves as a catalyst, prompting individuals or groups to pursue a particular behavior or achieve a specified goal. It plays a crucial role in various fields like economics, management, and even personal development, influencing choices and driving performance through targeted rewards or penalties.

Incentivised meaning with examples

• The company incentivized its sales team with bonuses for exceeding quarterly targets. This strategy led to a surge in sales as employees were motivated by the potential financial reward. Each salesperson pushed harder, knowing their efforts would directly translate to a higher paycheck. This drive positively impacted overall revenue and market share through the added sales performance.
• To boost employee participation in the wellness program, HR incentivized healthy behaviors by offering reduced health insurance premiums to those who met certain fitness goals. This encouraged employees to adopt healthier lifestyles, reducing absenteeism and improving overall morale. The initiative saw a substantial rise in program engagement and positive health outcomes.
• The government incentivized the adoption of electric vehicles by offering tax credits and rebates to purchasers. This aimed to reduce carbon emissions and promote environmentally friendly transportation alternatives. Consequently, this program successfully spurred growth in the electric vehicle market and decreased reliance on fossil fuels.
• Schools incentivized academic performance by implementing a system of recognition and awards for students who achieved high grades. This spurred students to work harder and maintain high grades, and to challenge themselves further in order to perform better in their classes. This fostered a competitive and motivated academic environment, improving overall student outcomes.
• The project manager incentivized on-time project completion by linking team bonuses to the project's deadline achievement. This instilled a sense of urgency and responsibility within the team, leading to a culture where goals were successfully met on time, under budget and to specifications, and where projects were completed and delivered with excellent results.