Question

now that we are more familiar with these roles, let's start planning. our ceo has requested that we incorporate different levels of incentive pay. what are the main levels of incentive pay?

Answer 1

The main levels of incentive pay in a business setting are individual incentive pay, team-based incentive pay, and organizational incentive pay. Each level serves a different purpose and helps motivate employees.

Step-by-step explanation:

The main levels of incentive pay in a business setting are:

1. Individual incentive pay: This is when employees are rewarded based on their individual performance and achievements.
2. Team-based incentive pay: This is when a group of employees is rewarded based on the collective performance of their team.
3. Organizational incentive pay: This is when employees are rewarded based on the overall success and performance of the entire organization.

Each level of incentive pay serves a different purpose and helps motivate employees to perform at their best.