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the different types of incentive plans (pay for performance plan). Organizations use rewards associated with Incentive plans to motivate employees. - Individual incentive plans: Merit

the different types of incentive plans (pay for performance plan). Organizations use rewards associated with Incentive plans to motivate employees. - Individual incentive plans: Merit Pay, Pay for performance, piecework incentive pay, lump-sum bonuses, and sales incentive plans. - Group/Organizational Incentive: include team incentive, gain sharing, profit sharing and ownership plans - Team incentives used where employees perform tasks that are highly interdependent on one another and requires cooperation and collaboration for the team to be successfu

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