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hello and welcome to marketing91.com lets start with understanding incentives incentive wages refer to performance linked compensation or performance-based rewards paid to improve motivation and productivity of employees an incentive scheme is a plan or program to motivate individual or group performance an incentive program is most frequently built on monetary rewards incentive pay or monetary bonus but may also include a variety of non-monetary rewards or prizes determinants of incentives are the individual different individuals value things differently a reward that is considered highly attractive by one employee may not be attractive to another managers need to develop incentive plans giving top priority to employee preferences and desires the work situation there are four important elements of the work situation that affect incentives technology job satisfaction feedback and equity incentive plans can be classified into two categories individual incentives and group incentives in
