bonus structure
Extra pay system
A bonus structure is the system by which an organization determines how bonuses are calculated and distributed to employees.
It specifies the criteria—sales targets, performance metrics, company profitability—that trigger payouts and how much recipients receive: The new bonus structure ties payouts to quarterly revenue goals.
Companies may have different bonus structures for executives, salespeople, and general staff.
- incentiveReward encouraging action
- pay for performanceCompensation tied to results
- commissionPayment for services rendered
- payoutMoney distributed to recipient
- earningsMoney gained from work
on target earnings · performance · reward · compensation · quarterly · target · sales quota · stretch goal · achievement · tiered · multiplier · accelerator · cap · threshold · kicker · profit-sharing · retention · golden handcuffs
bonus structurebase salary
Guaranteed regular compensation
base pay · hourly wage · flat rate · cost-of-living adjustment · minimum wage
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