Plans Within

Piece-rate (Piecework):

It is an individual incentive plan, where the worker is paid for the work he/she did. The
payment here is related directly to the number of units produced.

Management Incentive Plans:

Management incentive plans apply to managers. In this kind of incentive, the bonuses are given
to top management (CEO, CFO …) for exceeding organization goals. The potential payout
associated with any Incentive Award under the MIP will be expressed as a percentage of a
Participant’s annual base salary, and the amount of any such payout shall be contingent upon the
degree to which one or more pre-established, objective Company or business-unit performance
goals have been achieved over the applicable performance period. Annual Participant incentive
targets are communicated at time of plan eligibility.[ CITATION www1 \l 1033 ]
Behavioral Encouragement Plans:

In this type of plans, Incentives are directly linked to the employee’s behaviors, values, or
aspirations. This strategy for tailoring incentives builds on strong evidence that difficult

behavior changes are more successful when integrated with important life goals and values.

[ CITATION www2 \l 1033 ]

Referral Plans:

A referral program is a system that rewards employees for sending paying clients to your
company, or recruiting successful em