Incentive Pay

Incentive pay is a type of compensation designed to motivate employees to achieve specific goals or performance targets. It goes beyond regular salary or wages and may include bonuses, commissions, or profit-sharing. Essentially, it encourages employees to work harder and be more productive, as they can earn additional money based on their performance. By linking pay to outcomes, companies aim to align employee efforts with business objectives, ultimately benefiting both the organization and its workforce.