multiple-factor incentive plan

multiple-factor incentive plan

[′məl·tə·pəl ¦fak·tər in′sen·tiv ‚plan]
(industrial engineering)
A wage incentive plan based on productivity and other factors such as yield, material usage, and reduction of scrap.
McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc.
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