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This week we learned about motivating factors for employees and how that helps them keep their job, or leave their job. When I learned about incentive pay in lecture 4 I thought about commission. Commission is an individual based incentive pay because they work independently and make money that way while also getting paid on top of that at times. What comes to mind about commission is real estate. Real Estate is a commission based job where you work to sell houses and make a certain amount of money based on the price of the house they sell.

My dad is a real estate agent and this incentive is what motivates him to sell houses. Sometimes for realtors this is the only form of pay and that is an incentive enough to go out and sell houses. The more houses you sell and the nicer the houses you sell, the higher the commission will be. What motivated my dad into staying in this job at the company he is at was the types of houses they are selling. This is a luxury real estate company that buys and sells homes that are higher end. These homes need fix ups sometimes and additions to make it sell faster and for more. With homes this nice the commission is way higher and that kind of money makes people stay especially when you have multiple listings a week and can make commission off of each and every one of them. It also depends on the area you are in, that can determine the commission and the type of people you bring in. With an incentive like commission it makes people competitive but in a good way. They want to make their money, so they are working together to help make the money for themselves and the company.

Sources:
Week 8 Lecture 4: Overview of Incentives