The phrase "a bonus system" is correct and usable in written English.
You can use it when referring to a structured method of providing additional compensation or rewards to employees based on performance or other criteria.
Example: "Our company has implemented a bonus system to incentivize employees to meet their sales targets."
Alternatives: "incentive program" or "reward scheme."
Under the rejected contract proposal, the merit pay option would have been replaced by a bonus system.
I'm also going to spend more time trying to design a bonus system that creates incentives for the innovation I'm looking for.
The contract is worth a guaranteed $51 million with a player option for 2014 that, if Jeter reaches all of the incentives from a bonus system that rewards high finishes in award voting, would max out at $65 million.
The code includes a bonus system that allows homeowners to add up to 17percentt more living space if designs include such elements, according to William Fehr, village planner.
The point of a bonus system isn't to give a perfectly fair reward to every single employee as a measure of their true intrinsic worth – it's to motivate the right kinds of behaviour.
Add into the mix a bonus system that is itself a geared speculation on the bank's profits, and you have a perfect one-way bet: heads I win a million pound bonus, tails someone else picks up the tab.
When we moved to a group bonus system and everyone had a number, we found our silos broke down naturally.
Second, the implementation of a revenue-related bonus following a flat bonus system appeared to have increased hospital revenue and cost recovery, encouraged higher admissions and operations rates, and increased hospital productivity, with an unclear effect on unnecessary care.
To voice his opposition to a new bonus system in France that rewards scientific excellence, Chatenay, a top physicist at the National Centre for Scientific Research CNRSS) published an open letter on Monday, saying thanks, but no thanks to a pay hike of up to €15,000 per year.
We decided not only to use a group bonus system but also to start sharing our financial results with everyone.
Previously, the attraction at Dresdner Kleinwort Wasserstein was a skewed bonus system that rewarded deal revenue rather than the actual return to shareholders.
