Contingent pay is also referred to as ______________.

Question

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Contingent pay is a form of compensation that ties pay to specific performance outcomes, such as achieving sales goals or meeting productivity targets. It is often referred to as pay for performance because an employee's pay is contingent on their performance meeting certain predefined criteria. Gainsharing refers specifically to a type of contingent pay system that rewards employees for meeting goals related to improving productivity or reducing costs. Base pay refers to an employee's fixed salary or hourly wage, which is not contingent on performance outcomes.

Contingent Pay Is Also Referred to as ______________