A point bonus is a type of incentive or reward that is given to employees for achieving certain goals, targets or milestones within their job responsibilities. It can also be referred to as a performance-based bonus where an employee earns additional compensation based on the number of points they accumulate over a period of time.
The point system varies from company to company and is usually determined by management based on what they consider important for achieving their business objectives. Employees may be rewarded with monetary bonuses, extra vacation days or other perks depending on the company's policy.
In summary, a point bonus is an effective way of motivating employees to perform at their best and achieve higher levels of productivity by offering them additional compensation for meeting certain targets.