Incentive Compensation Plans: Merit Pay, Piece Rates, Commissions, Bonuses & Skills-Based
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Study.comShawn Grimsley
Incentive Compensation Plans: Merit Pay, Piece Rates, Commissions, Bonuses & Skills-Based
Incentive compensation is pay given to employees who meet performance standards to encourage productivity and excellence. There are five types of incentive compensation: merit pay, piecework, commissions, bonuses, and skills-based pay. Discover how these various types of compensation help companies increase productivity.
8.6K viewsMay 28, 2014
Sales Incentive Programs
On the eleventh day of Christmas, we present to you: 11 Incentive Types to Power Results Today we’re highlighting 11 examples of incentive programs that move the needle: 1. Rebates – Mail-in, digital, instant. 2. Dealer & Channel Incentives – Motivate partners to sell more. 3. Sales Incentives – SPIFFs, bonuses, goal-based rewards. 4. Employee Recognition – Celebrate performance and milestones. 5. Loyalty Programs – Keep customers coming back. 6. Referral Incentives – Reward new customer introdu
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On the eleventh day of Christmas, we present to you: 11 Incentive Types to Power Results Today we’re highlighting 11 examples of incentive programs that move the needle: 1. Rebates – Mail-in, digital, instant. 2. Dealer & Channel Incentives – Motivate partners to sell more. 3. Sales Incentives – SPIFFs, bonuses, goal-based rewards. 4. Employee Recognition – Celebrate performance and milestones. 5. Loyalty Programs – Keep customers coming back. 6. Referral Incentives – Reward new customer introdu
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