wage incentive


Also found in: Financial.

wage incentive

n
(Industrial Relations & HR Terms) additional wage payments intended to stimulate improved work performance
References in periodicals archive ?
Her basic salary is EGP 1,350 and after adding the wage incentive, her salary reached EGP 2,050, meanwhile after the new decision her salary will reach EGP 2,600.
The body concerned is also entitled to reward their employee (who performs outstandingly well) with a wage incentive up to double the regular one.
She also describes the withdrawal of the Wage Incentive as "not a cut".
The Department for Work and Pensions has been accused of giving a 'slap in the face' to unemployed youngsters after withdrawing the Wage Incentive Scheme, which has supported the employment of 1,336 young people.
Analysis of official figures by Labour shows that Nick Clegg's Youth Contract has handed over a bare six per cent of its wage incentive payments.
The deputy prime minister has announced a PS50m Youth Contract fund, making available a PS2,275 wage incentive payment to help meet the costs of taking on a young person and training them up.
FIRMS have offered more than 21,000 jobs to young people at risk of long-term unemployment under a Government wage incentive scheme, ministers said.
Employers will be offered a wage incentive of up to PS2,275 when they take on a young person who has been on benefits for at least six months.
The industrial action comes after the UK Government yesterday announced a new wage incentive scheme to get young disabled people into work.
The wage incentive amounts to an employer tax credit for 20 percent of the wages of any employee who is a resident of the empowerment zone (up to the first $15,000 of wages for up to seven years).
(1991), "On the effectiveness of individual wage incentive plans in manufacturing firms", International Journal of Human Resource Management, Vol.