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Pay for Performance. This gives employees rewards in relation to their performance on the job.
ii. Gain Sharing. Employees are rewarded when performance targets are met.
iii. Employee Stock Ownership Plan (ESOP). Employees are given shares in the company and so co-own the company which allow them to share in the improved profit performance.
iv. Lump-Sum Bonuses. Rewards are given to employees in a lump sum based on performance.
v. Pay for Knowledge. When employees learn new skills they are rewarded. This leads employees to learn new skills and so become more flexable within a company.
vi. Flexible Work Schedules...
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