Bonus Structure
Bonus Structure
A bonus structure is a compensation plan that outlines the criteria, amounts, and timing for performance-based payments or incentives given to employees beyond their base pay.
Bonuses may be awarded for achieving specific goals, meeting performance metrics, or contributing to the company’s financial success.
A bonus structure can include various types of bonuses, such as annual performance bonuses, sales commissions, spot bonuses, or profit-sharing.
Effective bonus structures align employee efforts with company objectives, boost motivation, and reward high performance, helping companies attract and retain top talent.
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