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strojnjashka [21]
3 years ago
8

What is meant by incentive plan?​

Social Studies
1 answer:
borishaifa [10]3 years ago
5 0

Answer: An incentive scheme is a plan to motivate individual or group performance. An incentive scheme basically involves monetary rewards, i.e., incentive pay but also includes non-monetary rewards. Incentives are variable rewards granted according to level of achievement of specific results.

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