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What Is A Retention Bonus? |
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Answer» A RETENTION bonus is an INCENTIVE paid to a key employee to retain them through a CRITICAL business cycle. This could be a transitional period (such as mergers and acquisitions) to ensure productivity or to meet a critical milestone. It has proven to be a very good tool in PERSUADING employees to stay. A Retention bonus is an incentive paid to a key employee to retain them through a critical business cycle. This could be a transitional period (such as mergers and acquisitions) to ensure productivity or to meet a critical milestone. It has proven to be a very good tool in persuading employees to stay. |
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