incentive pay system


Also found in: Acronyms.

in·cen·tive pay sys·tem

(in-sen'tiv pā sis'tĕm)
System whereby medical transcriptionists are paid based on how much they produce in addition to meeting quality requirements.
References in periodicals archive ?
The district has faced controversy over an incentive pay system tied to student test scores since the 1990s.
Houston Teachers Sue District Over Test-Based Evaluation
Quality, service and safety are also part of an effective incentive pay system.
Labor management: beyond the punch clock: while adoption remains low, savvy managers are putting engineered labor standards and related labor management systems to work to jumpstart productivity and gain a new level of operational visibility. Here's how they're getting it done
In addition, the new management team instituted an incentive pay system for managers, reconfigured the company's off-airport operations and imposed tighter cost controls; Hertz is now denying car rentals to credit-challenged customers.
Quest for returns boosts private equity: leveraged buyouts and other deals led by private equity firms are all the rage these days. Insipid stock market returns have brought institutional funds flocking to private equity, which is now able to buy very large, complex companies
He and other critics would like to see an incentive pay system, with the base salary frozen at $150,000.
CONGRESS CUTS TIME IN D.C. AS SALARIES RISE, ONE-THIRD OF WORKDAYS TO BE SPENT IN HOME DISTRICTS
All four indicated that the individual incentive pay system was their most preferred pay system and the one with which they were most satisfied.
Different effects of individual and small group monetary incentives on high performance
A combination of skill-based pay and an incentive pay system such as gain sharing is likely to work best for health care professionals.
Consider alternative modes of compensation
In the 1990 ASAE study of association executives' compensation, only 16 percent of the associations surveyed maintain an incentive pay system for the chief staff executive (18 percent of national and international associations surveyed maintain incentive pay programs for chief staff executives), and only 5 percent gave incentive pay to the deputy chief.
Planning rewards
Quality, service, and safety are also part of an effective incentive pay system.
Labor management: beyond the punch clock: while adoption remains low, savvy managers are putting engineered labor standards and related labor management systems to work to jumpstart productivity and gain a new level of operational visibility. Here's how they're getting it done
Do you want to set standards for yearly budgetary planning or implement an employee measurement or incentive pay system where you're rewarding people at the individual level?
Workforce metamorphosis: successful labor management goes beyond the installation of software. Here's a look at the implementation process and how one major retailer uses its program as a tool for continuous process improvements--with multi-layered benefits
Do you want to do standards for yearly budgetary planning or implement an employee measurement or incentive pay system where you're rewarding people at the individual level?
Workforce metamorphosis: successful labor management goes beyond the installation of software. Here's a look at the implementation process and how one major retailer uses its program as a tool for continuous process improvements--with multi-layered benefits
Workbrain's solution allows us to continue using our existing Kronos clocks, and replace Kronos' time and attendance application with one that can handle time, attendance and labor rules, and our complex incentive pay system," said Tim DeFreitas, vice president of information services for C&S Wholesale Grocers.
C&S Wholesale Grocers Chooses Workbrain ERM 3.0 To Automate Unique Employee 'Incentive Pay' System
Incentive pay systems work well within a sound organisational structure where they can reinforce the link between sound financial results and individual reward, but they are not a cure-all solution.
Variable pay: recognising good work
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