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

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Individual incentive plans do indeed reward individual performance in real-time by giving some sort of financial reward shortly after outstanding performance occurs. This is meant to motivate employees and give them an immediate sense of recognition for their hard work.

Individual Incentive Plans Reward Individual Performance on a Real-Time Basis,that