Extra pay: meaning, definitions and examples

Used when referring to additional compensation beyond the regular salary. It can be for various reasons, such as working extra hours, achieving targets, or special assignments.

• He received extra pay for his hard work on the project.
• The company offers extra pay for employees who work during holidays.

Specifically used to describe payment for hours worked beyond the standard work schedule. This is often calculated at a higher rate, such as time and a half or double time.

• She got overtime pay for working extra hours during the weekend.
• Employees are entitled to overtime pay for any hours worked beyond 40 hours a week.

Typically used in a professional or corporate setting to describe a reward given to employees for achieving certain targets, performance, or as a holiday gift. Usually, bonus pays are given as a one-time payment.

• The sales team got bonus pay for surpassing their quarterly targets.
• At the end of the year, the company distributes bonus pay to all employees as part of their holiday package.