What are incentive pay plans and why do businesses use this system?
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What are incentive pay plans and why do businesses use this system?
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- What are some discretionary benefits that a company could eliminate? WhyThere is currently a tendency among business professionals to endorse the use of incentive pay plans. Identify an occupation for which individual incentive pay is appropriate and an occupation for which individual incentive pay is inappropriate. What is the rationale for your choices?Describe each of the 5 “S” and explain how to do it.