ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -To calculate a sales-based incentive payment, multiply the total sales profit times the percentage of commission. For example, Kiera is responsible for $80, 000 in sales for this year. Her sales incentive is 10%, therefore her incentive payment would be $8, 000.

Detailed explanation-2: -Many organisations have incentives as a part of the CTC but the pay out may vary. Computing incentives monthly is a big struggle and so they can be paid out quarterly/ six monthly/ yearly. Well you can include the incentives as part of the CTC but make sure you make a note about the pay out duration to avoid issues.

Detailed explanation-3: -Incentive pay refers to giving employees bonuses or other forms of compensation in exchange for going above and beyond their normal duties. It is used as a way to incentivise employees to continue doing excellent work.

Detailed explanation-4: -Recognition and rewards. Referral programs. Professional development. Profit sharing. Health and wellness. Tuition reimbursement. Bonuses and raises. Fun gifts. More items •20-Oct-2020