Incentives plans provide financial and non-financial rewards to employees who make substantial contributions to organizational effectiveness. – Wendell French (1997:396). ...

Whereas short-term incentives usually involve an attempt to motivate performance in the short term (i.e., quarter, year) and involve cash bonuses or specific prizes (e.g., two extra ...

Similar to contingent pay, incentives are allocated on past performance. But incentives are not added to the base pay, and are only temporary pay adjustments based on the review period ...