A reward offered on a one-time basis for high performance called is a:

Question

Quizplus · Accepted Answer

A bonus is a one-time reward offered for high performance, typically paid out at the end of a specific period or project. Merit pay increase, on the other hand, is a permanent salary increase based on an employee's performance over a longer period, while suggestion system and differential piece-rate system are not related to one-time rewards for high performance.

A Reward Offered on a One-Time Basis for High Performance