One example of a successful incentive program is a tiered bonus system. This approach rewards employees who meet or exceed their performance targets with a bonus that increases as they surpass higher milestones. For instance, an employee who meets their target may receive a 5% bonus, while those who exceed their goal by 10% receive a 10% bonus, and so forth.

Another way to acknowledge and motivate top performers is through public recognition, such as Employee of the Month awards, Certificates of Achievement, or even praise during team meetings. With this method, employees feel appreciated and valued for their contributions to the company.

Furthermore, offering additional training or development opportunities for high-performing employees can incentivize them to continue working hard. This investment in their career advancement can motivate them to maintain their high level of productivity and continue contributing to the company’s success.

7 Ways To Recognize And Reward High Productivity In Employees – HR.com