incentive pay system

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.
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The district has faced controversy over an incentive pay system tied to student test scores since the 1990s.
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.
He and other critics would like to see an incentive pay system, with the base salary frozen at $150,000.
All four indicated that the individual incentive pay system was their most preferred pay system and the one with which they were most satisfied.
A combination of skill-based pay and an incentive pay system such as gain sharing is likely to work best for health care professionals.
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.
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?
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?
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.
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.
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