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incentivize

verb

Pronunciation

UK

  • /ɪnsˈɛntɪvˌaɪz/

US

  • /ɪnsˈɛntɪvˌaɪz/

Description

Imagine a farmer trying to get his donkey to move. He could force it, but that might not work very well. Instead, he could dangle a carrot in front of the donkey, giving it a reason to walk forward. To incentivize means to offer something, such as a reward or benefit, that encourages someone to act in a certain way or do a specific task.

Businesses often incentivize their employees with bonuses for high performance, while governments might incentivize citizens to buy electric cars by offering tax breaks. It's all about creating motivation through positive reinforcement. You can even incentivize yourself by promising a treat after finishing a difficult chore!

Examples

  1. 1

    Employee retention

    The company offers a year-end bonus to incentivize staff to stay through December.

  2. 2

    App rewards

    The app gives users points and badges to incentivize daily practice.

  3. 3

    Tax policy

    The tax credit was designed to incentivize small businesses to hire more workers.

  4. 4

    Workplace pressure

    Critics say the new sales targets could incentivize employees to cut corners.

    • Phrase

      cut corners

      do something quickly or cheaply, with lower quality or less care

  5. 5

    Housing policy

    Current rules incentivize landlords to raise rents instead of improving older buildings.

Forms and spellings

1 form open this card.

Main spelling

  • incentivizeverb