Bonus and Incentive Schemes

Bonus and incentive schemes are financial rewards offered by employers to motivate and enhance employee performance. Bonuses are typically one-time payments given for achieving specific goals, while incentive schemes may include ongoing rewards based on performance metrics, such as sales targets or productivity levels. These schemes aim to align employee efforts with organizational objectives, encouraging staff to work harder and smarter. By recognizing and rewarding exceptional performance, companies not only boost morale but also drive growth and success in their operations.