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.
Compensation refers to the direct and indirect monetary and nonmonetary rewards provided to employees in recognition of the value of their job, their personal contributions, and their performance. These rewards must align with the organization's ability to pay and comply with relevant legal guidelines.
Kudos refers to the recognition given by an entity for achievements. This acknowledgement can manifest in various forms, including bonuses, medals, or trophies.
A promotional allowance is a reduction of the wholesale price as an incentive to retailers or middlemen. It compensates the retailer for expenditures made promoting the product.
