Contingent pay CP)plans reward individuals based on how well they perform on the job.

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Contingent pay plans are designed to reward individuals based on their job performance. This means that employees who perform well are rewarded with higher pay or bonuses, while those who perform poorly may not receive as much compensation. Contingent pay plans are often used as a way to motivate employees to work harder and perform better, and are commonly used in sales organizations, where employees are often compensated based on their sales performance.

Contingent Pay CP)plans Reward Individuals Based on How Well They