performance-based bonuses
Performance-based bonuses are monetary rewards given to individuals or teams based on their achievement of specific goals or targets set by their employer. These bonuses are directly tied to the measurable outcomes or accomplishments of the employees, promoting motivation, productivity, and excellence in their work.
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Related Concepts (2)
Similar Concepts
- performance bonuses
- performance evaluation and incentive systems
- performance incentives
- performance management and rewards
- performance recognition
- performance targets
- performance-based budgeting
- performance-based compensation
- performance-based compensation and rewards
- performance-based job perks
- performance-based pay
- performance-based promotions
- performance-based rewards
- performance-based training
- rewarding and recognizing high performance