Concept information
Preferred term
incentive pay
Definition
- Many businesses have adopted an incentive pay or pay-for-performance approach, because of its links to increased productivity. More specifically, studies show nearly 80% of U.S. corporations rank linking rewards to performance as an important organizational objective. [Source: Encyclopedia of Health Care Management; Incentive Pay]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/incentive_pay
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