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incentive system

in organizational settings, a set of rewards and rules for their disbursement that is designed to influence future performance. Incentives vary in motivating power from group to group. As well as increased pay, common incentives include pensions, gainsharing schemes, performance-related bonuses, employee stock shares, gym memberships, and corporate entertainment (e.g., tickets for sports events). See also disincentive; work motivation.

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Psychology term of the day

May 9th 2024

exon

exon

n. a sequence of DNA within a gene that encodes a part or all of the gene’s product or function. Exons are separated by noncoding sequences (see intron).