Review:
Bonus Structures
overall review score: 4.2
⭐⭐⭐⭐⭐
score is between 0 and 5
Bonus structures refer to additional incentives or rewards offered to individuals as a part of their compensation package.
Key Features
- Extra monetary bonuses
- Performance-based bonuses
- Stock options
- Profit-sharing schemes
Pros
- Attract and retain top talent
- Motivate employees to perform better
- Reward exceptional performance
Cons
- Can be costly for employers
- May lead to competition or envy among employees