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Pay for performance and financial incentives - Coggle Diagram
Pay for performance and financial incentives
Incentives for individual employee
Piecework
Payed by how many items an individual processed in a unit of time
Merit pay(raise)
Any salary increase awarded to an employee based on his or her individual performance
Incentives for salespeople
Commission plan
Pay only for results
Combination plan
Combining salary and commissions
Salary plan
Straight salary
Team and organization-wide incentives plans
Evidence-based HR: inequities that undercut team incentives
Profit-sharing plans
Scanlon plans
Other gainsharing plans
At-risk pay plans
Employee stock ownership plans
Incentives for managers and executives
Short-term incentives and the annual bonus
Eligibility
Fund size
The individual awards
Long-term incentives
Stock options