Incentive Pay

[ɪnˈsɛn(t)ɪv | peɪ]

An Incentive Pay is an additional employee incentive which employers add to employee’s compensation package; this is particularly when the employee has achieved certain results and reached a goal set, this could vary, it could include achieving sales targets or getting outstanding feedback from a customer. 

One of the main goals of having incentive pay is in order to keep employees motivated and assured that their hard work will be rewarded and recognised.

Part of speech:
Use in a sentence:
Employers use incentive pay to motivate their staff.
Incentive Pay