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Pay for performance (Individual (Piece rate plan (paid a fixed sum for…

- - - - a percentage of the organisation's profit is distributed to employees in addition to their usual wages
    - - payment to employees in cash or stock as soon as profits have been determined
    - - placing company contributions in an irrevocable trust and it is credited to the employees’ accounts
    - - part current while some shares are deferred
  - - - incentive plan that uses specific mathematical formula for determining staff bonuses
    - - provides financial rewards to employees for saving labour costs resulting from their suggestions and ideas
    - - bind employees to the company’s productivity and provide an incentive payment based on the improvement of the company’s performance