Retention Bonus: Definition and Example

by / ⠀Finance / August 2, 2022
retention bonus money

Have you ever heard of a retention bonus? You may have come across that term as an employee, employer, or just in day-to-day life. But, do you know what it is? What is a Retention Bonus? According to the Cambridge Dictionary website, a retention bonus is: An extra payment that is given to an employee as a way of persuading them not to leave the company, especially at…