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Incentive programs are given to deserving employee’s or students in exchange for their above and beyond performance of their duties. This can be given either by money or any material gift or by recognition.

Incentive programs help increase productivity and helps motivate other employee’s to strive harder. This gives them a sense of accomplishment, making them strive more and be examples to other employee’s and students. This also in effect give out a positive attitude and yet with a healthy working environment.

Incentive programs are designed to reciprocate positive internal or external attitudes displayed either by the employees (i.e. consistent early birds in the workplace) or by the customers or clients, like customer loyalty. It is non-verbal communication that tells the end receiver that the positive traits he or she is continually displaying - such as work ethics, mastery of tasks, diligence or commendable performance - did not go unnoticed.

Incentive programs are designed to rewards those who are performing above and beyond the average expectation, as they are made to inspire others to do the same, ultimately making the company not just more productive, but also teeming with positive and professional attitude. There are several ways for designing incentive programs. These designs may be based on point programs (i.e. points being earned for point-generating achievements with the accumulation of points equivalent to rewards) or sales incentives (i.e. reaching, and if possible, breaking of sales quota), for example.

Award programs provide numerous categories for the awards they hand out to employees. Some, like awards for milestones in service tenure, will take a long time and require dedication and loyalty. Still, there are awards that do not take very long to accomplish, including annual awards for performance-based recognition.