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Dictionary by pitch.dog
Performance, pay & rewards · Working

Retention bonus

Also called: stay bonus

ELI5

A payment intended to encourage an employee to remain through a defined period or event.

Used in conversation

“The people plan needs to explain how retention bonus affects roles and decisions.”

Pitch context

You will see “Retention bonus” in organisation plans, workforce reviews, change programmes and people reports when the discussion reaches performance, pay & rewards.

Why it matters: In performance, pay & rewards, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

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Sources & evidence · 2

Direct term-level sources and supporting source families.