Business Minute: Incentive Pay
The positive relationship between incentive pay and performance cannot be refuted. However, many plans can be ineffective or worse – cause issues – in the workplace. Preston Handler, associate partner at Aon Hewitt, discusses incentive pay including top mistakes to avoid, what a proper plan should include, and how to introduce a pay plan to your employees.
- Incentive pay
- Difference between bonus and commission
- Top mistakes
- What to include
- Most important point to remember
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