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Is Your Annual Incentive Pay Plan the Right Fit For Your Business?

Insperity

NOVEMBER 23, 2015

Commissions: Financial reward given as a percentage of each incremental sale (best for sales employees). Piece rate incentives: Compensation based on the level of individual output produced (best for manufacturing or production roles). Start by doing industry research on the incentive plans used by your competitors.

Incentive Compensation 41
Incentive Compensation Commissions Piece Rates Bonuses 41
article thumbnail

Is Your Annual Incentive Pay Plan the Right Fit for Your Business?

Insperity

NOVEMBER 23, 2015

Commissions: Financial reward given as a percentage of each incremental sale (best for sales employees). Piece rate incentives: Compensation based on the level of individual output produced (best for manufacturing or production roles). Start by doing industry research on the incentive plans used by your competitors.

Incentive Compensation 41
Incentive Compensation Commissions Piece Rates Bonuses 41
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