Answer:
Incentive plan.
Step-by-step explanation:
Incentives are the rewards to an employee, over and above his base wage or salary, in recognition of his performance and contribution. Organization wide incentive plans reward employees on the basis of the success of the organization over a specified time period. These plans seek to promote a culture of ownership by developing a senses of belongingness, cooperation and teamwork among all employees.
Incentive plan should be simple so that it may be easily understood by the workers. The plans should be acceptable to the workers, trade unions and management. The incentives rates should be made attractive so as to encourage the worker to give his best results.
Types Of Incentives , Financial Incentives and Non-Financial Incentives.