provides a percentage of sales revenue to employees who generate sales.
Some organizations use only one type of incentive pay, while others use multiple types of incentive compensation to create a more well-rounded incentive compensation program.
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Benefits of incentive compensation management.
Incentive compensation can provide. The following benefits to both employers and employees.
Increases motivation
by tying compensation to specific sales goals. Employees are motivated to work harder and. Achieve better results. When overall comp is based on their performance. Employees have more incentive to achieve their goals
Facilitates alignment of interests
incentive compensation can align the cn leads interests of employees with high-level company strategies, encouraging them to work towards the company’s success.
Improves retention
incentive compensation can help retain top set high and attainable performing employees by providing rewards and recognition for their efforts.