Performance Bonus

A performance bonus is a financial reward given to employees for achieving specific targets or demonstrating exceptional work performance. This bonus is typically above an employee's regular salary and is meant to motivate and recognize hard work and success. Companies often use these bonuses to incentivize employees to meet their goals, enhance productivity, or improve overall company performance. The bonus amount can vary based on individual achievements, team results, or company profitability, making it a way to align employee interests with organizational objectives.