performance bonuses
Achievement-based extra pay
Performance bonuses are extra payments given to employees beyond their regular salary, typically tied to meeting specific goals or targets.
Companies use them to reward productivity, sales achievements, or exceptional work: The sales team earned performance bonuses for exceeding quarterly targets.
Unlike guaranteed pay, these bonuses depend on measurable results and may vary year to year.
- overtime payCompensation for excess hours
- bonusesAdded compensation beyond wages
- merit payCompensation tied to performance
- executive compensationSenior management earnings package
- stock optionsContracts to purchase shares
incentives · carrot and stick · job satisfaction · sales targets · profit sharing · income inequality · tax implications · retirement plans · KPIs · labor market trends · signing bonuses · reward systems · peer reviews · raise · annual · earnings · cash · money talks
- incomesalary, earnings, income, wages, pay
- rewardsrewards, reward, prizes, prize, trophy
- public paysalary, gross pay, net pay, pay, pay grades
- Teacher Incentivesmerit pay, bonuses, awards, prizes, recognition
- incentive paysales commission, commission structure, incentive plan, profit-sharing, sales incentives
- incentive theorymoral hazard, adverse selection, principal-agent, signaling, screening
performance bonusesbase salary
Guaranteed regular compensation
base pay · salary · hourly wage · guaranteed income · stipend
performance bonusespay cuts
Lowered employee compensation
clawbacks · financial penalties · demotions · fines · withholdings