Reading Theme:
Performance Bonus: Definition, Examples & Usage
Meaning 1：merit pay (Performance bonus)
Performance bonus
/pərˈfɔːrməns ˈboʊnəs/
n.
Extra money you get from your job because you did very good work.
merit pay
➕
/ˈmerɪt peɪ/
n.
A performance bonus is additional compensation given to an employee for exceeding expectations or achieving specific goals.
📘 Details & Usage
📖 Root Explanation
Performance (from 'perform' + '-ance') + bonus (Latin for 'good').
💡 Mnemonic
Picture a performer receiving a bonus for an outstanding show – reward for great work.
📖 Example
Sarah was thrilled to receive a generous performance bonus this year; she plans to use it for a family vacation.
Sarah was thrilled to receive a generous performance bonus this year; she plans to use it for a family vacation.
🔗 Collocations
receive a performance bonus – to get extra pay for achieving goals
performance bonus plan – a system that outlines bonus criteria
annual performance bonus – a yearly extra payment based on performance
🔄 Synonyms
merit bonus (n.) – a bonus given based on merit
incentive pay (n.) – extra money to motivate higher performance
reward (n.) – something given for good work
🚫 Antonyms
base salary (n.) – fixed regular pay without bonuses
penalty (n.) – a financial punishment for poor performance
deduction (n.) – an amount subtracted from pay
📖 Cultural Story
Originating in early 20th-century corporate management, 'performance bonus' ties extra pay to specific achievements, reflecting merit-based rewards in modern capitalism.
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