Employees are perhaps one of the most valuable components of any business, and while keeping them content and motivated is essential, it can often be quite a challenge. One formal approach to rewarding and motivating employees, uses what is called an ‘incentive plan’. What is an incentive plan? An incentive plan is a formal method of offering recognition and reward to employees, when they go on to meet goals and/or objectives that have previously been set for them. An incenti