Financial Incentives

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4 Terms

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Define Financial Incentives

extra money or value-based benefit given due to employee performance

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Describe Financial Incentives - Sales Bonuses

a one off payment based on overall business performance or individual performance
terms of the bonuses must be clearly outlined at the start, if not, disputes between employees and employers can occur

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Describe Financial Incentives - Shares Schemes

employees receive a part of the overall business profits at the end of the financial year which encourages employees to be productive towards the business goals

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