Bonus Structure
A bonus structure is a system used by companies to reward employees for achieving specific performance goals or milestones. It typically includes various types of bonuses, such as performance bonuses, signing bonuses, and retention bonuses, which are designed to motivate employees and enhance productivity. The criteria for earning these bonuses can vary based on individual, team, or company-wide performance metrics.
In many organizations, the bonus structure is outlined in employee contracts or company policies, providing transparency about how bonuses are calculated and distributed. This structure helps align employee efforts with the overall goals of the company, fostering a culture of achievement and accountability.