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Human Resources vocabulary · Pay, Payroll & Benefits

Bonus

Meaning in human resources, with examples

/ˈboʊnəs/nounCore term

In human resources, bonus means: An extra payment on top of normal pay, often given for good results, at the end of the year or when someone joins a company.

In Turkish: prim, ikramiye

How it is used

Types include a performance bonus, annual bonus, sign-on (signing) bonus and retention bonus. Bonuses are often a percentage of salary and linked to company or personal targets.

Example sentences

  1. The annual bonus is up to 15% of base salary and is paid in March.

  2. We offered a sign-on bonus to make up for the bonus he would lose by leaving.

Common collocations

  • annual bonus
  • performance bonus
  • sign-on bonus
  • bonus scheme
  • pay a bonus
  • compensationEverything an employee receives for their work, including salary, bonuses and benefits. It can also mean money paid to someone for a loss or injury.
  • salaryA fixed amount of money that an employee is paid for their work, agreed as a yearly figure and usually paid every month.
  • KPIA number used to measure how well a person, team or company is reaching an important goal. It stands for key performance indicator.
  • retentionAn organisation's ability to keep its employees, especially valued ones, and the actions it takes to stop them from leaving.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Pay, Payroll & Benefits

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