HR Glossary

What is Retention Bonus?

A targeted financial incentive offered to specific employees to keep them from leaving during critical business periods such as mergers, restructuring, leadership transitions, or key project timelines.

Why it matters in hiring

Retention Bonus comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.

Related terms starting with R

• Reskilling
• Restricted Stock Units (RSU)
• Resume Screening
• Retained Search
• Retention Package
• Retention Strategy
• Retirement and Re-employment Act (Singapore)
• Return of Company Property

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