Archive | Wage Incentive Plan

Types of Incentive Plans | Wages | Human Resource Management

The various incentive plans can be classified into two groups: 1. Individual Incentive Plans 2. Group Incentive Plans. Type # 1. Individual Incentive Plans: Under individual incentive plan, individual employee is paid incentive on the basis of individual performance or output. The employers are liable to pay incentives to those employees who are producing more […]

Wage Incentive Plan: Meaning, Requirements and Components

After reading this article you will learn about:- 1. Meaning of Wage Incentive Plan 2. Requirements of Wage Incentive Plan 3. Characteristic 4. Chief Objects 5. Components. Contents: Meaning of Wage Incentive Plan Requirements of Wage Incentive Plan Characteristic of Wage Incentive Plan Chief Objects of Wage Incentive Plan Components of Wage Incentive Plan 1. […]

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