Definition Of

Financial Incentives

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

Share it:

More from this Section

  • Promotions & Transfers
    Promotion refers to an employee’s upward advancement in the hierarchy of an organization and usually involves increased responsibilities and compensation.
  • Environmental Scanning
    Environmental Scanning is the systematic monitoring of the major factors influencing the organization. The goal of scanning the environment is to identify trends...
  • Outplacement Counseling
    Outplacement counseling is a formal process by which a specialist trains and counsels a terminated person in the techniques of self-appraisal ...
  • National Labor Relations Board (NLRB)
    National Labor Relations Board (NLRB)- The agency created by the Wagner Act to investigate unfair labor practice charges and to provide for secret-ballot elections and majority...
  • Transfer
    Transfer refers to moving an employee from one position, shift or department to another within the organization.
  • Right-to-sue letter
    Right-to-sue letter is a letter issued by the EEOC, once a charge has been recorded and processed, informing individuals who filed the charge that they have the
  • Malcolm Baldridge National Quality Award
    Malcolm Baldridge National Quality Award is the Baldridge Award is given by the President of the United States to businesses—manufacturing and service, small