bonus schemes

Bonus schemes are incentives companies use to motivate employees by providing additional compensation based on performance. They reward individuals or teams for achieving specific goals, such as meeting sales targets, completing projects on time, or improving efficiency. Bonuses can be one-time payments, profit-sharing, or linked to company success. They aim to align employees’ efforts with business objectives, encouraging productivity and commitment. Typically, bonus schemes are structured with clear criteria, making expectations transparent and fair, ultimately fostering a motivated workforce that contributes to overall company growth.