what are the three broad categories of incentive pay?multiple select question.incentives linked to individualsincentives linked to company turnoverincentives linked to reducing competitionincentives linked to organizational performanceincentives linked to groups

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21-10-2022
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what are the three broad categories of incentive pay?multiple select question.incentives linked to individualsincentives linked to company turnoverincentives linked to reducing competitionincentives linked to organizational performanceincentives linked to groups

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shardiksh890 shardiksh890 · Answer 1 · 2022-10-25T13:55:28+02:00

The many kinds of incentive pay fall into three broad categories incentives linked to individual, group, or organizational performance.

The various types of incentive pay are divided into three broad categories. Individual, group, or organizational performance-based incentives. Here are the different incentive pays.

Annual bonus: An annual payment that is typically based on a worker's annual salary.

Signing bonus: A one-time payment made when a candidate agrees to work for a company.

A discretionary or spot bonus is a one-time cash payment that recognizes past performance.

Learn more on incentive pay-

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