Question

Mention two objectives of an incentive
plan.​

Answer 1

Answer:

1To improve the profit of a firm through a reduction in the unit costs of labour and materials or both. (ii) To increase a worker's earning without dragging the firm into a higher wage rate structure regardless of productivity.

Answer 2

Answer:

The underlying objective of special incentives is often to boost company profits.

1)Increasing Productivity. The more work employees accomplish, the more revenue a company is likely to make, which leads to higher profits. ...

2)Improving Safety. ...

3)Increasing Morale. ...

4)Customer Incentive Programs.

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