- incentive system
- A scheme in which rewards are offered to managers or other employees conditional on certain performance targets being met. Apart from cash bonuses, such rewards may include shares or share options (see share incentive scheme), health insurance, gym membership, or corporate entertainment.
Big dictionary of business and management. 2014.
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incentive — noun ADJECTIVE ▪ big, generous, good, great, huge, massive (esp. BrE) ▪ powerful, strong ▪ adequate … Collocations dictionary
incentive — in‧cen‧tive [ɪnˈsentɪv] noun [countable] something which is used to encourage people to do something, especially to make them work harder, produce more or spend more money: • tax incentives for first time home buyers • The company proposed a… … Financial and business terms
incentive — (n.) early 15c., from L.L. incentivum, noun use of neuter of Latin adjective incentivus setting the tune (in L.L. inciting ), from pp. stem of incinere strike up, from in in, into (see IN (Cf. in ) (2)) + canere sing (see CHANT (Cf … Etymology dictionary
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incentive-compatible contract — A contract designed to ensure mutually beneficial behaviour by the parties. So, for example, the employment contracts of a company s managers might incorporate a bonus system to make sure that their interests and those of the shareholders are… … Big dictionary of business and management
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