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Glossary

Glossary list

IEA

Individual Employment Agreement (IEA) – The legal relationship between an employee and employer. See Part 6 of the Employment Relations Act 2000.

Incentive Pay

Additional compensation used to motivate and to reward employees for exceeding performance or productivity goals.

Independent Contractor

A person who works for him/herself but has a contract for services with another person/organisation.

Induction

The process of introducing a new employee into the organisation.

Intangible Rewards

Non-monetary re-enforces such as praise given to an employee in recognition of a job well done, or a particular achievement.