Incentive Pay Quotes

When traders were able to earn a million dollars, of which base pay was $150,000 to $200,000 and the rest was bonus, they would go for it. Now if you're sitting there earning $600,000, you become less risk-seeking. And if you have less risk-seeking, the ability of the market to be incredibly volatile is increased.

It's not reasonable for companies that have chief executives and board members who are paid very considerable sums to subsidise low pay through in-work benefits.

I do not think that anybody should get paid for lousy performance. I've said that for a long time. If you work hard and you do good, you get paid well.

I make 50 cents for showing up... and the other 50 cents is based on my performance.

The Bethlehem profit-sharing system is based on my belief that every man should get exactly what he makes himself worth. This is the only plan I know of which is equally fair to the employers and every class of employee. Someday, I hope, all labor troubles will be solved by such a system.

Look, I've always said from the word go many years ago that I felt the whole bonus culture, they need to think very carefully about being detached from the rest of the British public.

I believe in pay for performance.

Salaries should be set based on production and contributions, not positions.

No one is mandating merit pay.

Salaries and wages must reflect the reality of the enterprise's economic performance; deviations from the planned performance should be reflected in pay.

Our prevailing system of management has destroyed our people. People are born with intrinsic motivation, self-respect, dignity, curiosity to learn, joy in learning. The forces of destruction begin with toddlers - a prize for the best Halloween costume, grades in school, gold stars - and on up through the university. On the job people, teams, and divisions are ranked, reward for the top, punishment for the bottom. Management by Objectives, quotas, incentive pay, business plans, put together separately, division by division, cause further loss, unknown and unknowable.

I am not a believer in large salaries. I hold that every man should be paid for personal production. Our big men at Bethlehem seldom get salaries of over one hundred dollars a week; but all of them receive bonuses computed entirely on the efficiencies and the economies registered in their departments.

Federal employees are not rewarded for performance or excellence or results but, rather, for showing up, and often times, they don't even do that.

The only way to earn what you're really worth is to get paid based on your results.

Forces of Destruction: grades in school, merit system, incentive pay, business plans, quotas.