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Wage Payment Plans and Incentives

  • Carl J. Holtved

Abstract

Wage payment plans and incentives have two main objectives which complement each other. The first and most important is the fair remuneration of employees for the work they perform. The second one is related to the creation of a work environment where employees will be motivated to maximize their productivity and the overall effectiveness of the organization or system in which they work.

Keywords

Incentive Payment Individual Plan Incentive Plan Plan Participant Piece Rate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Van Nostrand Reinhold Company Inc. 1984

Authors and Affiliations

  • Carl J. Holtved

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