Define difference between salary and incentive..

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Question Posted / yadavabhay

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Define difference between salary and incentive....

Answer / deepali

Salary is the payment (whether in money or other form) you
received or was granted for services you provided to your
employer.

Incentive is nothing but a motivational component which is
linked to the salary indirectly to earn more and achieve
the target which lead to personal growth in terms of
earning more income and professional growth as well..

Is This Answer Correct ?

48 Yes

2 No

Define difference between salary and incentive....

Answer / neha

salary is something get monthly. it is a fix one and it is
sure that employee will get that whether he willl do the
same work or not

but incentives are the motivation which helps to increase
the status of the employee and it is fluctuting and not
fix. it is depend on the performance of the employee

Is This Answer Correct ?

29 Yes

1 No

Define difference between salary and incentive....

Answer / guest

Salary is monthly wage for doing a specific job,
Where as incentiveis given on good performance .

Is This Answer Correct ?

19 Yes

2 No

Define difference between salary and incentive....

Answer / anu

Salary is the Fixed amount paid to the employee every month
for the services rendered by them.
Where else insentive is lumpsum , and it a source of
Motivating employees for performing more efficiently.

Is This Answer Correct ?

14 Yes

3 No

Define difference between salary and incentive....

Answer / yadavabhay

do incentive relates to any motivational factors to improve
productivity of the employee or worker ???? if it is than
what about salary??

Is This Answer Correct ?

9 Yes

2 No

Define difference between salary and incentive....

Answer / h. s. ahluwalia

A salary is a type of payment a person gets for work done
for a job. A salary is usually paid for a fixed period,
like a month or a week.

An incentive is any factor [financial or non-financial]
that enables or motivates a particular course of action, or
counts as a reason for preferring one choice to the
alternatives. It is an expectation that encourages people
to behave in a certain way.

Is This Answer Correct ?

8 Yes

1 No

Define difference between salary and incentive....

Answer / anjul sharma

salary is the fixed amount paid by the firm, whereas
incentive is other than salary. for eg providing free
educaton to the children of the workers, providing free
health care facilities for their family, etc. it is often
in case of mine workers.

Is This Answer Correct ?

16 Yes

10 No

Define difference between salary and incentive....

Answer / vijayarajan

Salary is a regular payment on regular intervals for the
services rendered by an employee whereas incentive is a
motivational payment made by the employer anticipating
better performance in future.

Is This Answer Correct ?

8 Yes

2 No

Define difference between salary and incentive....

Answer / saritha

Salary is an amount paid to the employees on monthly basis
for the services rendered by them, whereas Incentives are
paid based on their outstanding performance. For instance,
exceeding the expectations by the management by generating
more revenue to the organization.

Is This Answer Correct ?

6 Yes

1 No

Define difference between salary and incentive....

Answer / h. s. ahluwalia

Salary is a wage, pay or remuneration earned for work,
typically a monetary payment for services rendered, as in
an employment. A salary is a type of payment a person gets
for work done for a job. A salary is usually paid for a
fixed period, like a month or a week.

Incentive is a scheme to promote or encourage specific
actions or behavior of people during a defined period. An
incentive is a financial or non-financial factor that
enables or motivates an action. It is an expectation that
encourages people to behave in a certain way. Financial
incentive is used to motivate employees, in order to
attract more sales and retain customers.

Is This Answer Correct ?

4 Yes

1 No