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Discover the advantages of pay equity: fair compensation, reduced wage gaps, higher morale, and economic growth. Learn how to propagate pay equity effectively. Explore now!

Looking for ways to improve performance management? Performance improvement refers to the process of increasing the efficiency and effectiveness of a system, process, or task. This guide mentions all the ways.

Incentive compensation is a type of pay or reward that is given to employees as an incentive to motivate them to perform at a high level. This type of compensation is typically tied to specific performance metrics, such as sales targets or profitability, and is often used in sales or management positions. The goal of incentive compensation is to align the interests of the employee with those of the employer, by providing a financial reward for achieving specific performance goals. Incentive compensation can take many forms, including bonuses, commissions, and stock options. It is often used in combination with base salary or wages to provide a more comprehensive compensation package.