What is performance incentive

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Reference no: EM132271262

1. What is a work premium? Describe some giving the particular use and goal of each.

2. What is a performance incentive? Why do organizations use them?

3. Describe various approaches for setting standards that provide the foundation of performance incentive programs.

4. What are the major differences between a cost reduction program and a profit sharing program?

5. identify and describe different reasons for implementing a short term bonus.

Reference no: EM132271262

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