Financial Incentives

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  • Created by: jacob
  • Created on: 20-04-14 17:19
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  • Financial Incentives
    • A bonus
      • One off payment in recognition of the contribution made to the firm
    • Commision
      • A payment of a percentage of the value of each product sold
    • profit sharing
      • employees get a percentage profit
    • profit related pay
      • Pay is linked to profit made
    • performance related pay
      • A bonus related to employee achievementof some kind
    • piece rate
      • Pay is linked to output produced


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