4 Incentive Pay

Learning Objectives

When you finish studying this chapter, you should be able to:

  1. 1 Explore the incentive pay approach.

  2. 2 Describe the differences between incentive pay methods and traditional pay methods.

  3. 3 Summarize five types of individual incentive pay plans.

  4. 4 Explain two types of group incentive plans.

  5. 5 Discuss two types of company-wide incentive plans.

  6. 6 Summarize considerations when designing incentive pay programs.

mymanagementlab.com iconChapter Warm-Up!

If your professor has assigned this, go to the Assignments section of mymanagementlab​.com to complete the Chapter Warm-Up! and see what you already know. After reading the chapter, you’ll have ...

Get Strategic Compensation: A Human Resource Management Approach, 9/e now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.

Start your free trial