Incentive 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.
The content on our website is only meant to provide general information and is not legal advice. We make our best efforts to make sure the information is accurate, but we cannot guarantee it. Do not rely on the content as legal advice. For assistance with legal problems or for a legal inquiry please contact you attorney.