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I've always read that it's important to reward the behavior you want to see in your employees. Not knocking your idea here, but the incentive is new ideas. Guaranteed you'll have 100 new ideas every month; but without implementation you'll just have a heap of papers with ideas on them, and you'll be spending time running down whether these are good ideas or not. More work for you, no improvement in productivity, safety, etc.
I'm not sure, but I don't think a "simple" incentive plan exists. You've got to cover too many bases for it to be a simple process. As you mentioned, if you reward one behavior (fast work), you have to closely monitor all the possible negative side effects of a focus on that behavior (quality).
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