performance bonus
Results-based extra pay
A performance bonus is additional compensation awarded for meeting or exceeding goals—typically sales targets, productivity metrics, or project milestones.
Unlike base salary, it's contingent on results: She earned a performance bonus for closing the deal.
Companies use performance bonuses to incentivize employees and align individual effort with organizational objectives.
- incentive payCompensation tied to performance
- commissionPayment for services rendered
- profit-sharingDistributing earnings among workers
- salaryFixed periodic employment payment
- merit payCompensation tied to performance
recognition · carrot and stick · sales targets · goal-setting · stock options · golden handcuffs · employee retention · skin in the game · KPIs · stretch goals · reward · achievement · taxable income · morale · quarterly reviews · accountability · raise · engagement
- bonusesstock options, one-time payment, lump sum, golden hello, incentive
- incentivesbonuses, incentive, incentives, reward, rewards
- incomesalary, earnings, income, wages, pay
- job perkssalary, perks, pension plans, 401k, benefits
- Money Gainssalary, wage, tip, tips, raise
- work rewardsmerit pay, merit raise, raise, stock options, profit sharing
performance bonusbase salary
Guaranteed regular compensation
base pay · flat rate · hourly wage · annual salary · cost-of-living adjustment
performance bonuspay cut
Reduction in earnings
salary reduction · financial penalty · demotion · clawback · termination
performance bonuscost-of-living adjustment
Pay increase matching inflation
signing bonus · retention bonus · holiday bonus · Christmas bonus · severance pay