INCENTIVE PAY Definition

Incentive pay is a variable form of compensation. An incentive structure is a merit-based compensation awarded outside guaranteed hourly or salary wages.

What Is Incentive Pay? [+ Examples] | HR Glossary - AIHR

Incentive pay is additional compensation awarded to employees for achieving measurable goals, specific targets, or critical organizational milestones.

Incentive Pay: HR Terms Explained - Pelago

Incentive pay is a type of wage or salary payment that is made to employees in addition to their normal wages or salaries.

7 Types of Incentive Pay (With Pros and Cons) - Indeed

Incentive pay is a type of compensation awarded to employees based on their individual or team performance.

Incentive Pay | Definition, Structures, Examples, & More

Employers may choose to offer incentive pay to employees. Find out more about incentive pay, the structures, and types here.

What is incentive pay? - Breathe HR

Incentive pay is financial reward for performance rather than pay for the number of hours worked. The idea is the prospect of financial compensation will ...

What is Incentive Pay? Explaining how to unlock employee potential

Employers use incentive pay to encourage employees to exceed goals and expectations. It is additional compensation for performance, not based on hours worked.

What is Incentive Pay? | Meaning & Definition | HR Glossary

Incentive pay refers to giving employees bonuses or other forms of compensation in exchange for going above and beyond their normal duties.

What Is Incentive Pay? | Tremendous

Incentive pay is merit-based compensation — outside of a guaranteed salary or hourly wages — that's generally tied to achieving performance ...

What is incentive-based compensation? | Global HR glossary

Incentive-based compensation, also known as incentive compensation or incentive pay, is a form of compensation that employers provide employees to encourage ...

Incentive Pay: Pros, Cons & How to Implement - Eddy

Incentive Pay Definition ... Incentive pay is performance-based compensation that rewards an employee for meeting set goals or objectives. This compensation can ...

Incentive Pay – Definition, Overview & FAQ - Recruiteze

Incentive pay is a compensation strategy that offers financial rewards to employees based on their performance, achievements, or meeting certain predefined ...

Incentive Pay - HRCalifornia - California Chamber of Commerce

In some businesses, tips and gratuities make up part of employees' pay in addition to wages. In other businesses, piece rates, commissions and bonuses make up ...

What is Incentive Pay? - Betterteam

Incentive pay is a financial or nonmonetary reward offered to employees for performance rather than the total number of hours worked.

What Is Incentive Pay and How Does it Work? - Sling

Incentive pay, on the other hand, is levied by a business as a way to drive future performance on a more immediate timetable (days, weeks, or months). How does ...

Incentive Pay: Definition, Examples, and How to Calculate It (2024)

Incentive pay is merit-based compensation that can be either financial or non-monetary. It is used as a means to encourage employees to perform their best or ...

What is Incentive Compensation?

Incentive compensation is the variable income sales reps earn based on their performance in addition to their base salary.

Incentive Pay - Justworks Help Center

Incentive pay is defined as additional compensation awarded to employees for results they achieved, i.e “pay for performance”. All commission ...

Incentive Compensation: How it Works (+ Effective Examples) - SSR

Incentive compensation is a form of variable compensation paid to employees that is tied to the achievement of pre-defined targets.

Incentive Pay: Definition, Levels, Calculation, Types - Compass

Incentive pay is a compensation strategy that motivates employees to achieve specific goals or targets by offering financial rewards based on performance.