Reward Systems

Human Relations
The Human Relations school of management theory emphasizes the importance of understanding human motivation in the workplace, focusing on recognition, encouragement, and rewarding individual contributions.
Sales Incentive
A remuneration offered to a salesperson for exceeding some predetermined sales goal. Sales incentives are often provided by manufacturers as part of a promotion for the sale of their goods. The incentive may be in cash, or it may take the form of a special prize, such as a trip to an exotic or exciting vacation place.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.