# Incentives

Source: https://projectalevel.co.uk/business_studies/people/incentives

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There are 2 main types of incentives:

- Individual incentives - Incentives are given based on an individual's work.
- Group incentives - Incentives are given based on a group's work (or even the whole company's).

The incentives can be offered in different ways such as:

- Piece rate - Employees are paid for each product that they produce.
- Profit sharing - Receiving a one off bonus for high sales.
- Measured day work - Payment based on the amount of work done over a period of time.
- Profit related - Receiving a percentage of the sales revenue.