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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.


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5 Not specified NEW HAMPSHIRE 8 Advancement opportunities, lateral transfers to more appealing assignments, wage incentives for 10+ years of state service, and investment in state insurance benefits after 10 years NEW JERSEY 10.
Also on matters of supply, Elizabeth Webster, Mark Wooden and Gary Marks, in 'Reforming the labour market for Australian teachers', examine the relation between wages and shortages of qualified teachers in specialised teacher labour markets as well as the relation between wage incentives and the retention of the most able teachers.
In 1989 'small shock therapy saw over a million state-sector workers laid off, wage reductions and the introduction of piece-rate wages and individual wage incentives.
 
 
 
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