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Incentive schemes

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Incentive schemes are plans or systems which offer employees more in the hope that they will more and work more efficiently. Merit awards, bonuses and sharing schemes are typical incentive schemes which result in an increase in wages or salaries as job improves. Fringe or perks such as free housing, company cars etc. are non-financial incentive schemes, which, in many countries, are an accepted part of the conditions of work. benefits are especially popular with higher paid because of the tax they offer.