Asked by SEJAL CHAUDHARY on Sep 27, 2024
An example of incentive compensation is an annual salary.
Incentive Compensation
A form of remuneration designed to reward employees for achieving specific performance targets or objectives, often aimed at motivating higher levels of productivity.
Annual Salary
The total amount of money a person earns from their job in a year, often expressed as a pre-tax figure or before deductions.
- Describe how compensation strategies, such as incentive compensation and benefits, influence employee motivation.
Learning Objectives
- Describe how compensation strategies, such as incentive compensation and benefits, influence employee motivation.