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BUSINESS INFORMATION SHEETS > HUMAN RESOURCE MANAGEMENT > RENUMERATION > Incentive pay (HR 11)

Rewarding performance

Productivity and high standards are important to you. Recognition and encouragement are important to employees. Incentive pay is a way for you and your employees to achieve results.

A good incentive pay scheme can motivate employees to work better for your business. A badly thought-out scheme, on the other hand, can be divisive and demoralising.

This briefing explains:

  • How to set objectives.
  • The types of scheme to consider.
  • How to ensure that your scheme works.

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