Question

Wages and incentives:introduction, definition, wage differentials, methods of wage payment, advantages, disadvantages, financial incentives and non-financial incentives.

Answer 1

Explanation:

Wage incentive refers to performance linked compensation paid to improve motivation and productivity. It is the monetary inducements offered to employees to make them perform beyond the acceptance standards. ... According to the National Commission of Labour “wage incentives are extra financial motivation.

Answer 2

Answer:

$\begin{gathered}\Huge{\underline{\underline{\textsf{\textbf{\:Answer :}}}}}\end{gathered}$

• Wage incentive refers to performance linked compensation paid to improve motivation and productivity. It is the monetary inducements offered to employees to make them perform beyond the acceptance standards. ... According to the National Commission of Labour “wage incentives are extra financial motivation.