Experience rewards provide an experience for program participants. This form of reward gives organizations the opportunity to provide interesting experiences to their employees and customers as an incentive. For example, a water plane and lunch, a two-hour ride on the beach, a day of sailing for two people, the opportunity to meet a star athlete or the use of a planner for the recipient`s choice. Experience rewards allow participants to share their experience with others and reinforce the reward and behavior that led to the awarding. Employee incentive programs are programs that are used to increase overall employee performance. While employees tend to approve incentive programs, only 27% of companies have such programs. [2] [3] Employee programs are often used to reduce revenue, increase morale and loyalty, improve employee well-being and safety, increase engagement and increase employee performance on a daily basis. [4] Traders` incentive programs are used to improve the performance of traders, resellers, channel partners and other types of brokers using sales incentive programs. These programs help companies gain market share, introduce new products to the market, reduce distribution costs and stimulate new launches by encouraging an external party to achieve additional sales.

While incentive program participants often report that they prefer nonscriptoral cash rewards, studies have shown that cash is a bad motivator because of its lack of “trophy value.” In a recent study by the Center for Concept Development, three out of five respondents agreed that a cash payment is seen as part of an employee`s overall compensation package and not as part of an incentive program. [13] In addition, cash is quickly forgotten, as many participants tend to spend it on everyday items or use it to pay bills. Since most people generally do not talk about cash bonuses, cash programs do little to generate the interest needed to create an effective incentive program. Fixed-price incentive contracts are available in two forms. A fixed-lens contract is one of the most common types of fixed-price incentive contracts. The fixed interest contract sets out a wide range of issues: 1. The work to be carried out is neither feasible nor effective in developing pre-defined objective incentive objectives for costs, timing and technical performance; Brut vs. Gross