Wage Incentive


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Wage Incentive

A policy in which a company pays a higher wage in exchange for greater productivity. For example, a company may pay $10 per hour most of the time, but if a worker's output exceeds a certain level, he/she may receive a temporary raise to $12 for as long as that level of productivity lasts. See also: Bonus.
References in periodicals archive ?
Should the employee obtain a master's or doctoral degree, he shall be entitled to a monthly wage incentive against his degree, and that shall be determined in the executive bylaw.
The collaborative working between agencies and the council was delivering until the politically driven decision by Employment Minister Esther McVey to cut the Wage Incentive, thus undermining a successful initiative to reduce youth unemployment.
Council cabinet member for jobs Coun Tahir Ali said the council was considering a judicial review as it only found out about the change from a third party subcontractor two weeks before the Wage Incentive Scheme was cancelled.
The Wage Incentive and money for new local policies will provide a welcome boost to help them achieve that.
Employment Minister Mark Hoban said: "Youth unemployment has fallen by 59,000 since the Youth Contract was launched and tens of thousands of people have benefited from work experience, apprenticeships or the wage incentive.
That is why we are encouraging employers to give young disabled people a chance by offering this new wage incentive.
The maintenance workers' wage incentive varies with how well they, as a group, control or contribute to the following wage incentive factors.
The money which was earmarked for the Wage Incentive Scheme will instead be invested into more targeted schemes, such as helping young people access education and training earlier on in their search for work.
Thomas Darling, 22, from Blackwood, is one those who is now in work and whose employer, Gwent Electronic, was able to take advantage of the PS2,275 wage incentive available to employers as he had been out of work for more than six months.
The government's wage incentive scheme has encouraged UK businesses to offer over 21,000 jobs to young people at risk of long term unemployment.
When Clegg announced the scheme in November 2011, he said young people were demoralised at the lack of job opportunities and that he wage incentive would provide hope to thousands of them.
Employers may be interested in another wage incentive which offers up to PS2,275 per individual to employers who can offer an 18-24 year-old from the Government's Work Programme a job lasting at least 26 weeks.