The
Definition Of

Financial Incentives

 Financial incentives—financial rewards paid to workers whose production exceeds some predetermined standard.

Share it:

More from this Section

  • Downshifting
    Downshifting is refers to employees who choose to accept or remain in lower level or lower paying jobs in order to satisfy their personal and family needs.
  • Employment (or personnel) Planning
    Employment planning is the process of deciding what positions the firm will have to fill, and how to fill them. It embraces all future ...
  • Descriptive scale
    Descriptive scale can be defined as any rating scale that uses adjectives or phrases to determine performance ratings.
  • Salary Compression
    Salary compression refers to a salary inequity problem, generally caused by inflation, resulting in longer-term employees in a position earning...
  • Authorization Cards
    In order to petition for a union election, the union must show that at least 30% of employees may be interested in being unionized. Employees indicate ...
  • Job redesign
    Job redesign is the process of restructuring a job by adding, changing or eliminating certain tasks or functions in order to make the job more satisfying or challenging.
  • Regression Analysis
    Regression analysis presupposes that a linear relationship exists between one or more independent (casual) variables, which are predicted to affect the dependent...