incentive pay

noun

1. additional pay, a higher wage, or a bonus paid to promote the productivity of an employee.

Word History and Origins

Origin of incentive pay¹

First recorded in 1955–60

Example Sentences

HHS recently informed Congress that it has upped its incentive pay to help recruiting, but it’s unclear if that will be enough.

From ProPublica

But 15% is still not high enough for many employees to be willing to bank on incentive pay.

From The Daily Beast

And before you ask, no, you can't just do it in incentive pay, where they only get paid if the firm succeeds.

From The Daily Beast