Incentives are rewards given to employees to motivate them in their work while also encouraging them to stay with the same organisation for a longer period of time. Monetary incentives are financial rewards provided mainly to inspire employees to meet their targets. It is just a bonus that could encourage workers to meet their goals on time and with efficiency. The benefits of a financial rewards system include increased morale, an easy way to show appreciation, a better working environment, and so on. More details can be obtained from the PowerPoint presentation.

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