Please Define the Following Key Terms

question 23

Short Answer

Please define the following key terms.
-Consistory

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Definitions:

Team-Based Incentives

Reward systems designed to motivate groups of employees to work together towards common goals and improve overall team performance.

Individual Incentive Systems

Programs designed to motivate and reward employees based on their personal performance or achievements.

Reward Distribution

The method or strategy used by an organization to allocate rewards among employees, often based on performance, seniority, or other criteria.

Stock Option Plans

incentive schemes that give employees the option to purchase shares of their company's stock at a set price, typically as part of their compensation package.