incentive pay

American  

noun

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

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Etymology

Origin of incentive pay

First recorded in 1955–60

Example Sentences

But the median level of total CEO compensation among defense companies in the S&P 500—including extras such as stock options and incentive pay—was $20.8 million in fiscal year 2024, Equilar found.

From Barron's

But the median level of total CEO compensation among defense companies in the S&P 500—including extras such as stock options and incentive pay—was $20.8 million in fiscal year 2024, Equilar found.

From Barron's

These are lucrative skills at the electricity-gobbling sites, and Benner makes $225,000 a year, boosted in part by $100 in daily incentive pay for all workers on site.

From The Wall Street Journal

Year-end bonuses for 2025 are projected to be robust, with some businesses seeing double-digit increases in incentive pay.

From Barron's

Year-end bonuses are projected to be robust for the second-straight year, with double-digit increases in incentive pay in some businesses, according to financial services compensation consultancy Johnson Associates.

From Barron's