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A plan or agreement that is designed to tie pay to performance and achieve gains in worker productivity. Such compensation plans can take the form of merit pay, bonuses, profit sharing, corporate stock ownership, or commissions. Depending on the type of incentive compensation used, the target of the incentives could be individual employees, work groups, the organization as a whole, or a combination of all of the above.

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Posted May 05 2020, 11:12 PM by admin

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