What is Incentive Pay?

Incentive pay is a reward payment devised and paid to an employee for a peak performance which has resulted in high yield in driving and pushing the business ahead, especially during challenging times. Incentive pay is aimed at keeping the staff motivated and encouraged to bring up similar high-yielding performances up ahead.

Incentive payment is a financial payment and is not paid for working for a specific time period. The idea behind incentive pay is that a reward payment shall motivate employees to reproduce their performance, the one which resulted in them being rewarded with the incentive.

Apart from financial incentives, non-financial incentives are also there which are called as casual incentives. Casual incentives include things like taking the employee out for lunch / dinner, rewarding the employee with a gift, etc.

document verification

Document Verification

Fully automated. No Human-in-the-loop.

Learn more
1 Platform 8 checks

1 Platform - 8 Checks

Innovative Platform For Employment Vetting

Learn More
Tier 2 Sponsor Mock Audit

Tier 2 Sponsor: Mock Audit

Immigration compliance and right to work checks

Learn More

Use Complygate to increase confidence in decision making.

Learn more

Blog

Check our blog for latest industry news and update about new releases.

Complygate is the best HR software for SMEs.

image
12 Apr 2021

Agile High Potential Employees (HIPO): The Future of Fashion

One trendy area for HR practitioners concerns the management of so-called ‘high potential employees’ or ‘HiPo’ or ‘HIPO’. Is this the future of fashion for Employee Resourcing?

Read More
image
08 Apr 2021

Are Employees Working Harder in Lockdown?

Work outside the normal working hours during the lockdown has contributed to serious health issues amongst the remotely-working workforce.

Read More
image
06 Apr 2021

4 steps to a better Candidate Experience in 2021

Employers are the ones who now feel forced and pressured to make a good first impression, at the same time giving them a good experience.

Read More