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Aug 6th, 2022
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How to Clean name in the Incentive Plan

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hi everybody this is Liz Stanton from synapse and youre joining us for our webinar on understanding the clean energy incentive program in EPAs clean power plan so thanks everybody for being on the line with us I know that more people are joining even as I speak and that a lot of you I know from looking at the registrations have joined us for previous webinars this is part of a series about webinars on a clean power plan weve had quite a few in the past which you can access both the slides and the audio on our website and we have three more coming up in the future and ill talk to you about those at the end of this presentation so a few logistics to start off with as the webinar is being recorded and its going to be circulated to all attendees at with the slides and well get that out to you later on today or tomorrow I all of the attendees have been muted thats how we do our webinars as we would like to take your questions and fear your comments but the way to get that information

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Here are some incentive examples that have been proven to engage and motivate employees over the long haul. Recognition and rewards. Referral programs. Professional development. Profit sharing. Health and wellness. Tuition reimbursement. Bonuses and raises. Fun gifts.
6 Tips to Make a Good Incentive Plan Target the Audience. Similar to a marketing plan or a training plan, your incentive plan needs to be targeted to a specific audience. Establish SMART Goals. Offer Appealing Rewards. Align with Your Culture. Incorporate Training. Communicate, Track, Report, Communicate.
10 Steps for Designing a Successful Incentive Program Define the Incentive Program Criteria. Clearly Explain Program Rules. Separate Recognition Practices from Rewards Programs. Consider Behavior Action/Frequency. Determine Performance Metrics. Plan for the Programs Impact on Team Members. Map Out Employee Rewards.
Positive incentives can include praise, bonuses, career advancements, earning extra vacation days, gift certificates and other monetary rewards.
Here are some incentive examples that have been proven to engage and motivate employees over the long haul. Recognition and rewards. Referral programs. Professional development. Profit sharing. Health and wellness. Tuition reimbursement. Bonuses and raises. Fun gifts.
But incentives are not just economic in nature incentives come in three flavours: Economic Incentives Material gain/loss (doing whats best for us) Social Incentives Reputation gain/loss (being seen to do the right thing) Moral Incentives Conscience gain/loss (doing/not doing the right thing)
Examples of Incentive Plan Rewards Online rewards. Group incentive travel. Debit card rewards. Gift card rewards.
What is an incentive plan? Incentive plans are a type of employee compensation structure that uses certain rewards to motivate team members to work harder and achieve specific goals. This type of compensation goes beyond the paycheck and benefits that all employees should receive for the hours they work.

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