Definition, Meaning & Synonyms

productivity-bonus

Noun

/prəˌdʌk.tɪˈvɪt.i ˈboʊ.nəs/

Definition

A sum of money or reward given to employees based on their productivity performance.

Examples

Many companies offer a productivity bonus to encourage employees to work more efficiently.
The team received a productivity bonus after surpassing their sales targets for the quarter.
Receiving a productivity bonus can significantly boost morale among workers.

Meaning

A productivity bonus is an incentive for employees that is awarded when they meet or exceed certain productivity targets. It serves to motivate and recognize individuals or teams for their efforts to enhance efficiency and output.