Incentive pay

11 important questions on Incentive pay

How do you call compensation that depends on some measure of individual or group performance or results in order to be awarded?

Variable pay

How do you call incentives that reinforce performance of a single person with a reward that is significant to that person?

Individual incentives

How do you call incentives that provide reinforcement for actions of more than one individual within the organization?

Group incentives
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How do you call individuals who avoid providing their maximum effort in group settings because it is difficult to pick out individual performance?

Social loafers

How do you call a lump sum payment, typically given to an individual at the end of a time period?

Bonus

How do you call a payment typically provided to a salesperson for selling an item to a customer?

Commission

How do you call a program to reward top performers with increases in their annual wage that carry over from year to year?

Merit pay

How do you call programs that provide a portion of company proceeds over a specific period of time to the employees of the firm through a bonus payment?

Profit-sharing programs

How do you call valued returns to the individual in exchange for doing something that the organization desires of the employee?

Extrinsic rewards

How do you call a provision for executives who are dismissed from a merged or acquired firm of typically large lump sum payments on dismissal?

Golden parachutes

How do you call extra financial benefits usually provided to top employees in many businesses?

Perquisites

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