(par. 1). The definition reflected some of the critical elements identified by Goss as essential for its success: it a motivational tool designed to achieve a worthwhile objective through increasing employee commitment in enhancing productivity in the workplace. Weald (2008) examined factors that would determine incentive schemes that truly work: “a combination of reward, recognition and real-time feedback” (Weald, 2008, par. 3). Financial rewards could be augmented by other alternatives such as earning points which can be converted to prices, gift vouchers, vacation trips, and other work-related non-financial items. On the other hand, recognition programs could be designed by management through identifying outstanding performers in a define time frame, say, for the month, for the quarter, or for the whole year. Aside from recognizing the employees’ exemplary performance, they could be given meritorious increases in salary or gift packages, as deemed necessary. Weald (2008) cited the following recognition at ComXo: “One of our clients, ComXo, is running a scheme that is all about the recognition of staff. Borrowing from the Cadbury’s Heroes theme they have branded a ‘Thank You’ board. The Importance of Motivation.
ReferenceList Business Dictionary 2010. Incentive Scheme Definition, [Online]. Available at: http://www.businessdictionary.com/definition/incentive-scheme.html [Accessed 20 January 2011]. Ginther, C 2000. Incentive Programs That Really Work - Brief Article, [Online]. Available at: http://findarticles.com/p/articles/mi_m3495/is_8_45/ai_65143952/ [Accessed 21 January 2011]. Goss, F 2010. How to set up incentive programmes, [Online]. Available at: http://www.peoplemanagement.co.uk/howto [Accessed 20 January 2011] Incentive Travel Advisors 2011. Examples of Successful Incentive Programs, [Online]. Available at: http://www.incentivetraveladvisors.com/Sucessful_Examples.html [Accessed 21 January 2011]. Martires, CR & Fule, GS 2000. Management of Human Behavior in Organizations. National Bookstore, Philippines. McColough, P 1971. Xerox World. Cited in Martires & Fule, 2000. Weald, P 2008. Incentive schemes that work, [Online]. Available at: http://www.callcentrehelper.com/incentive-schemes-that-work-193.htm [Accessed 20 January 2011].
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