Wage system that rewards a worker for productivity above an established standard. A variation of the piece-rate system developed by Frederick W. Taylor, incentive pay is based on a bonus given to the worker or workers who exceed a given standard production rate within a defined period of time. See also Incentive Wage Plan.
Incentive Pay
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 | measured daywork (industrial engineering) |
| Executive (business term) |
| Incentive Wage Plan (business term) |
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 | Incentive pay by a salesperson? |
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Mentioned in
- measured daywork (industrial engineering)
- Executive (business term)
- Incentive Wage Plan (business term)
- Knowledge-Based Pay (business term)
