Are incentives included in the compensation system of the majority of the employees?(Please check appropriate column corresponding to each occupational group)
Literal question
If yes, what incentives are included in the compensation system? Individual incentive system, Managers/ Executives
Question post text
Please check incentives provided corresponding to each occupational group.
Description
Definition
Individual Incentive systems – systems that reward individuals on the basis of individual output or performance such as bonuses,
piece-rate and commissions.
Group Incentive systems – systems that reward individuals on the basis of group output or performance such as
productivity/quality gain-sharing.
Profit-sharing plan – any plan by which employees receive a share of the profits of the establishment.
Merit pay or skill-based pay – a reward or honor given for superior qualities, great abilities or expertise that comes from training,
practice, etc.
Employee stock plans – include employee stock purchase plans, ownership plans or stock options transfer.