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n. a reward system in which employees are provided with monetary incentives in the form of bonuses that are tied to the performance of a business unit or organization. See incentive system; Scanlon plan. See also agency theory.

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Psychology term of the day

May 30th 2024

hand–arm vibration syndrome (HAVS)

Sorry, "hand-arm-vibration-syndrome-havs" is not in the Dictionary of Psychology. Please report to APA if you believe this is an error.