Definition, Meaning & Synonyms

incentive-bonus

noun

/ɪnˈsɛntɪv ˈboʊ.nəs/

Definition

An incentive-bonus is a monetary reward given to employees as motivation to improve performance or achieve specific goals.

Examples

The company offered an incentive-bonus to the sales team for exceeding their targets this quarter.
Many organizations implement an incentive-bonus system to boost employee morale and productivity.
John received an incentive-bonus for completing his project ahead of schedule.

Meaning

It serves as an encouragement or stimulus for employees to work harder or increase productivity, often tied to individual or company performance metrics.