MightyRecruiterIncentive pay refers to giving employees bonuses or other forms of compensation in exchange for going above and beyond their normal duties. It is used as a way to incentivize employees to continue doing excellent work. A cash bonus toward the end of the year for the holidays is a common form of this benefit, and some employees are capable of earning a commission by making sales, which would also fall under incentive pay. Employers can also reward workers for superior performance by offering casual incentives. This refers to giving workers non-monetary items such as gifts or paying for an employee’s lunch.
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