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1 nonfinancial incentive plan
The ultimate business dictionary > nonfinancial incentive plan
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2 incentive plan
HRa program set up to give benefits to employees to reward them for improved commitment and performance and as a means of motivation. An incentive scheme is designed to supplement base pay and fringe benefits. A financial incentive plan may offer share options or a cash bonus, whereas a nonfinancial incentive plan offers benefits such as additional paid vacations. Awards from incentive schemes may be made on an individual or team basis.
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