This form is a sample letter in Word format covering the subject matter of the title of the form.
This form is a sample letter in Word format covering the subject matter of the title of the form.
Performance-based rewards are an incentive that employees receive based on their work-related contributions to the company rather than their time with the company. Performance-based rewards can take many forms, including stock options, bonuses, and salary increases.
Some common examples of performance bonuses include: Commission-based bonus: Common in sales roles, employees earn a percentage of sales they generate. For instance, a car salesperson might earn a commission for each car sold.
Bonus Amount: State the exact amount of the bonus being awarded. For instance, “You will receive a performance bonus of $5,000.” Rationale for Award: Provide a brief explanation of why the bonus is being awarded. This could include a summary of the employee's achievements and their impact on the organization.