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.
Wage incentive plans for indirect foundry operations have always created problems for foundry industrial engineers.