Answer:
Incentive system
Explanation:
The incentive system signifies a mechanism that motivates individuals to behave in the organization's interest.
Elements which are included in incentive system:
[tex]\rightarrow[/tex] Monetary Compensation (e.g. various bonuses)
[tex]\rightarrow[/tex]Non-monetary Rewards (e.g. gifts, car allowance, company insurance)
[tex]\rightarrow[/tex] Targets (e.g. quick, hard, stretch)
[tex]\rightarrow[/tex] Career prospects (e.g. advancement, contract termination)
[tex]\rightarrow[/tex] Reputational factors (e.g. appreciation, rewards, reputation, wider social recognition, positive work impact)
