bonus system
Extra pay scheme
A bonus system is a structured approach to awarding extra compensation beyond base pay, typically tied to performance, profits, or achieving specific goals.
Companies use bonus systems to motivate employees and align individual effort with organizational objectives: The sales team thrives under the new bonus system.
The term also applies to reward structures in games, apps, or loyalty programs.
- HR policiesDocumented workplace standards
- commissionPayment for services rendered
- profit-sharingDistributing earnings among workers
- revenue sharingDistributing income among stakeholders
- compensation packagesCombined employee remuneration offerings
spiff · merit raise · motivation · dangling carrot · accelerator · engagement · stock options · golden handcuffs · skin in the game · transparency · moving goalposts · tax implications · clawback · performance-based pay · fairness · payroll systems · intrinsic rewards · feedback loops