The effectiveness of any bonus or incentive scheme depends on an awareness of the factors needed for success and an understanding that individuals may respond differently to the same stimulus.
This factsheet explores the types of bonuses and incentives, their use, and their potential benefits and drawbacks. It also highlights research evidence and the possible implications of using such schemes.
On this page
- What are bonuses, financial incentives and non-financial incentives?
- The purpose of bonuses and financial incentives
- Types and coverage of bonuses and incentives
- Bonus payment levels
- The purpose of non-financial incentives
- Designing and operating non-financial incentive schemes
- Further reading
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