What Are the Different Types of Incentive Pay? How Should

question 92

Essay

What are the different types of incentive pay? How should organizations choose the right type of incentive pay?

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Definitions:

Federal Trade Commission

A federal agency of the United States government, whose principal mission is the enforcement of civil (non-criminal) U.S. antitrust law and the promotion of consumer protection.

Food And Drug Administration

A federal agency of the United States Department of Health and Human Services responsible for protecting and promoting public health through the control and supervision of food safety, tobacco products, dietary supplements, prescription and over-the-counter medications, vaccines, biopharmaceuticals, medical devices, and veterinary products.

Harmful Additives

Substances added to products (e.g., food, cosmetics) that can cause adverse health effects.

Consumer Product Safety Commission

A U.S. federal agency responsible for protecting the public from unreasonable risks of injury or death from consumer products.