wage incentive plan

wage incentive plan

[′wāj in′sen·tiv ‚plan]
(industrial engineering)
A wage system which provides additional pay for qualitative and quantitative performance which exceeds standard or normal levels. Also known as incentive wage system.
References in periodicals archive ?
After careful deliberation, officials developed a wage incentive plan for maintenance and put it into place in June 1989.
This type of indirect wage incentive plan may be adaptable to most any type of foundry operation.