Incentive plans work when the involve money,but generally don't work if they involve non-monetary rewards.

Question

Quizplus · Accepted Answer

This statement is not entirely true. While money is often seen as a strong motivator, non-monetary rewards can also be effective in incentivizing certain behaviors or outcomes. For example, recognition, extra time off, or the opportunity to work on a special project can be meaningful rewards for employees. However, it is important to note that the effectiveness of any incentive plan will depend on a variety of factors, including the specific context and the preferences of the individuals involved.

Incentive Plans Work When the Involve Money,but Generally Don't Work