Explore the incentive pay approach$\mathrm{.}4-2.$ Describe the differences between incentive pay methods and traditional pay methods$\mathrm{.}4-3.$ Summarize five types of individual incentive pay plans$\mathrm{.}4-4.$ Explain two types of group incentive plans$\mathrm{.}4-5.$ Discuss two types of company$-$wide incentive plans$\mathrm{.}4-6.$ Summarize considerations when designing incentive pay programs.