Individual incentive plans reward individual performance on a real-time basis; that is, they give a financial reward for outstanding performance immediately or soon after it happens.

Question

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Individual incentive plans are designed to reward individual performance on a real-time basis, which means that employees are recognized and rewarded for their outstanding performance immediately or soon after it occurs. This can be in the form of bonuses, commissions, or other types of financial incentives.

Individual Incentive Plans Reward Individual Performance on a Real-Time Basis;