What are some challenges in implementing incentive programs?
Implementing incentive programs can come with several challenges:
Cost: Developing and maintaining incentive programs can be costly, especially for smaller businesses. Fairness: Ensuring that incentives are fair and equitable can be difficult, leading to potential employee dissatisfaction. Alignment: Incentives must align with business goals to be effective, which requires careful planning and strategic thinking. Measurement: Accurately measuring the impact of incentive programs can be complex and time-consuming.