This incentive pay orthodoxy has become so firmly entrenched that the current debates about executive compensation simply take it as a given.
What does IP stand for?
IP stands for Incentive Pay
This definition appears frequently and is found in the following Acronym Finder categories:
- Military and Government
See other definitions of IP
We have 112 other meanings of IP in our Acronym Attic
- Implementation Procedure
- Implementing Partner
- Important Person
- Improved Performance (M1IP upgraded M1 main battle tank)
- Improvement Plans (land development)
- In Particular
- In Person
- In Perspective (Stuyvesant High School student magazine, New York City)
- In Position
- In Progress
Samples in periodicals archive:
In other cases, the reason incentive pay is still around--and its praises still sung--is not at all comical but chillingly nefarious.
Firms are using more incentive pay or rewards, teamwork, training, careful hiring, flexible job assignment, information sharing, and greater delegation of authority to lower levels within the firm.
For incentive pay programs to be effective, they must be motivational and reward executives well for delivering strong performances.