Bonuses can be awarded as incentives for excellent attendance, extra work effort, or performance achievement. Profit sharing plans. Depending on the profitability of a company, profit sharing can be an excellent benefit awarded to employees. Profit sharing rewards employees with a portion of the profits that a company makes. Profit sharing varies from company to company, so be sure to inquire about the details of the profit sharing plan.
Commissions are incentives usually provided to sales employees.
Commissions are most often linked to sales performance-in some sales positions the commission pay can be greater than the base pay. 4. 401k and 403b. The 401K plan and the 403B plan, also known as a tax-deferred savings plan, allow employees to save money before it is taxed. Credit Unions offer employees many different methods of saving money. They may provide members savings on numerous financial transactions such as checking accounts and lower-interest loans.