What type of incentive makes it more profitable to follow a certain course of action

This type of incentive is a Production bonus .

Incentives are special compensation given by companies to employees outside their main salary to help motivate or encourage these employees to work harder and try to continue to improve work performance in the company.

The principle of providing incentives is related to employee performance that exceeds the standards set by the company. For hard work and work performance, employees will receive awards, in the form of money, goods, and others.

Types of incentives:

Piece work

It is a technique used to encourage employee work performance based on the results of work done and expressed in the number of production units.

Production bonus

It is a type of incentive given to employees who work successfully in such a way that the standard product is exceeded.

Commissions

It is a bonus received for carrying out work and is often determined by salespeople.

Executives incentives

It is a type of incentive given to manager-level employees or high-ranking employees within the company.

Maturity curve

Namely, the incentives are given to employees or workers because the work period and class rank and salary can not reach the rank and higher income.

Group incentive plan

It is a fact that in many organizations, performance is not an individual success, but because of the success of workgroups that can work in a team.

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Incentives

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Class: Middle School

Subject: History

Keyword: Types of incentives

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