What is the aim of labour incentives schemes?
Profit sharing and co ownership of labour
The main objective of any labour incentive scheme is to increase profitability. Therefore, incentive schemes are usually aimed to increase the levels of employee satisfaction, corporate belonging and loyalty which are all expected to result in higher productivity with higher level of efficiency.
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what are the basic principales of incentives
The main objective of any labour incentive scheme is to increase profitability. Therefore, incentive schemes are usually aimed to increase the levels of employee satisfaction, corporate belonging and loyalty which are all expected to result in higher productivity with higher level of efficiency.
Cheaper labor costs and tax incentives.
You increase labor productivity through allowing incentives as bonus and medical care as well as percentage of the profit.
A labour incentive is somekind of reward that encourages you to work harder.
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Employment and Training Administration
Offer incentives, such as tax breaks and a skilled labor force.
Cheaper labour, lower tax rates/government incentives