Profit-sharing plans, commissions, bonuses, and stock options are examples of incentives.
<h3>What is meant by profit sharing?</h3>
A retirement plan known as a profit-sharing plan allows employees to participate in the company's profits. An employee is given a portion of a company's profits under this kind of plan, also known as a deferred profit-sharing plan (DPSP), based on its quarterly or yearly results. An excellent approach for a firm to give its employees a sense of ownership in the business is through a profit-sharing plan, but there are usually limitations on when and how a person can withdraw these funds without incurring penalties.
<h3>What is meant by incentives?</h3>
An object, valuable thing, desired action, or event is referred to as a "incentive" if it pushes an employee to engage in more of the activity that the employer wanted them to by way of the selected reward.
Raisings, bonuses, profit sharing, signing bonuses, and stock options are a few examples of possible compensation incentives.
Giving praise, thanking, awarding certificates of achievement, and declaring accomplishments at business meetings are all examples of recognition incentives.
Read more on incentives here: brainly.com/question/20555242
#SPJ1
