Incentive0

Incentive in ProTrack is a powerful tool used to identify individual employees who are eligible for performance-based incentive pay. Incentive pay is configured by setting up an "Incentive Plan" and assigning employees to the plan. This process is described in the ProTrack Configuration Manual.
Once an Incentive Plan is configured and effective, employees will be automatically evaluated as to whether or not they are eligible to receive incentive pay. Different payout levels can be configured for an incentive plan, so the amount of incentive pay depends on the employee's performance level. The incentive pay is calculated as a percentage of the employee's base pay, and the percentage is the value that can move based on performance.
The incentive pay is split into two pay buckets, "Regular Incentive Pay" and "Overtime Incentive Pay." Regular incentive pay includes all incentive pay, paid at the employee's standard pay rate, even for hours which are considered overtime hours. Overtime incentive pay is just the additional incentive pay, for the overtime hours, on top of the base rate the employee was paid for those hours. Both the regular and the overtime incentive pay are calculated from the regular and overtime base pay.
Example of Incentive Pay Calculation
For example suppose an employee is paid $10/hr and makes $15/hr when working overtime. If the employee worked 50 hours total, 10 of which were overtime hours, he would have $500 in regular base pay and $50 in overtime base pay:
50 hours × $10 =$500 regular base pay
10 hours × $5 (extra $ on top of regular pay) = $50 overtime base pay
Suppose the incentive plan is configured such that an employee performing between 100% and 110% receives an additional 5% of the base pay, while an employee performing between 110% and 125% receives 10%. If the employee performed at 115%, he'd receive 10% of the base pay, resulting in:
10% of $500 = $50 regular incentive pay
10% of $50 = $5 overtime incentive pay
Total incentive pay: $55

The Approve Incentive screen is used to approve or deny the incentive payout for individual employees over specific review periods.