A bonus is compensation paid to an employee or employees for achieving a particular sales goal or organizational objective. This is in addition to a commission or salary.
Tangible personal property given as an award to an employee for length of service, productivity, or safety achievement.
Profit-related pay (PRP) refers to the situation where employee compensation is directly linked to the profitability of the employer. This approach aims to boost employee motivation, commitment, and performance by aligning their interests with the company’s commercial success.
