Wage Incentive

(redirected from Wage Incentives)
Also found in: Dictionary.

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 ?
FIRMS have offered more than 21,000 jobs to young people at risk of long-term unemployment under a Government wage incentive scheme, ministers said.
Small businesses are committed to employing young people where possible and wage incentives can make a difference.
The big fall in youth unemployment is particularly welcome, but we know this remains a challenge, which is why we have the 1 billion pound Youth Contract offering nearly half a million work experience places, apprenticeships and wage incentives to help young people get a job.
WORK PROGRAMME - young unemployed people can join the scheme, which gives wage incentives worth up to pounds 2,275 for a job lasting at least 26 weeks.
But Deputy Prime Minister Nick Clegg said the Youth Contract will offer firms pounds 2,275 wage incentives to take on up to 160,000 under 25s.
A temporary tax-free regime for new investors, including wage incentives, should be created.
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.
Lane County Cares seeks wage incentives for child care providers - incentives that would encourage them to stay in this important field.
The following question was asked: "What effects are your wage incentives getting?
But nursing is not the only health care profession facing severe employee shortages, and administration has not offered similar wage incentives to other employees.
The contract includes enough money to pay 160,000 wage incentives over three years, but Ministers have stressed the policy would be under review to assess take-up.
Speaking about the Youth Contract, minister for employment Mark Hoban urged businesses to take advantage of the 160,000 wage incentives offered.