Incentive Pay
Updated:
11/12/24
Incentive pay is a compensation strategy used by organizations to reward employees for achieving specific performance goals or milestones, often to drive productivity, motivation, and engagement. This pay structure includes additional earnings beyond base salary, such as bonuses, commissions, or profit-sharing. Incentive pay is typically linked to measurable targets, which may be individual, team-based, or company-wide, depending on the organization’s objectives.
Incentive pay is a compensation strategy used by organizations to reward employees for achieving specific performance goals or milestones, often to drive productivity, motivation, and engagement. This pay structure includes additional earnings beyond base salary, such as bonuses, commissions, or profit-sharing. Incentive pay is typically linked to measurable targets, which may be individual, team-based, or company-wide, depending on the organization’s objectives.
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Are you a talent looking to elevate your career?
Explore your strengths and weaknesses with our free Self-Discovery Assessment.