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Companies can enhance productivity by implementing group or organizational incentives, which promote collective work among employees. These incentives can be applied to teams of various sizes, from small groups to entire departments or the whole organization. To foster a sense of identity and cooperation, companies can offer team-based incentives, such as piece work plans, standard pay plans, bonuses, awards, and merit pay. When a team meets or exceeds its objectives, all members are equally rewarded; conversely, if they fail to meet goals, no one receives incentives. Team incentives are most effective when tasks are interdependent and collaboration is essential for success.
