bonus scheme

bonus scheme

a form of INCENTIVE PAY SCHEME wherein an individual's or group's WAGES are based on achievement of individual or group output targets. Bonus schemes often provide for a guaranteed basic wage for employees. See PAY.
References in periodicals archive ?
The Small Business Bonus Scheme (SBBS) provided record relief to almost 104,000 recipients in 2017-18.
Also, board of management members shall acquire Wartsila shares with 50% of the net bonuses received under the company's long-term bonus scheme until the above share ownership level has been achieved.
Whether the bonus scheme is actually discriminatory will depend on the details of the scheme and its application, in particular whether it allows for any flexibility for disability related absences, and also whether the employer has business reasons that justify the, otherwise discriminatory, impact of the policy.
Meethaq, the Islamic banking facility from Bank Muscat in Oman, has launched a first-of-its-kind salary bonus scheme for customers.
Meethaq has launched a first-of-its-kind salary bonus scheme for customers.
It also said underlying earnings would be in line with forecasts for PS380m, which will trigger a multimillion pound share payout in September under the staff bonus scheme.
The staff claim they have been excluded from the retailer's bonus scheme - because they were on zero hour contracts.
1 million, clearing another hurdle under a 2011 four-year share incentive bonus scheme for around 3,000 staff.
A BONUS scheme at Sports Direct will no longer involve its founder Mike Ashley after he gave up his right to a potential multi-million pound windfall.
A CONTROVERSIAL bonus scheme for Sports Direct founder Mike Ashley and Newcastle United owner has got the green light, despite a large protest vote from shareholders.
Alternatively, the contract of employment may mention that a bonus scheme is from time to time operated but that payment of any bonus is entirely at the discretion of the employer's management team and usually subject to certain performance criteria of the individual and the employer as well.
According to Reuters, Credit Suisse (NYSE: CS) has said that it will implement a new asset-based bonus scheme.