premia Definition
a reward or bonus given for good performance or achievement, especially in the workplace.
Using premia: Examples
Take a moment to familiarize yourself with how "premia" can be used in various situations through the following examples!
Example
The company offers a range of financial and non-financial premia to its employees.
Example
The sales team received a premia for exceeding their targets.
Example
The employee's hard work was recognized with a generous premia.
premia Synonyms and Antonyms
Phrases with premia
performance-based premia
a reward given based on an individual's performance in the workplace
Example
The company introduced performance-based premia to motivate its employees.
Example
The annual premia is a much-awaited event for the employees.
non-financial premia
a reward given that is not monetary in nature, such as extra vacation days or flexible working hours
Example
The company offers non-financial premia to promote work-life balance among its employees.
Summary: premia in Brief
The term 'premia' [ˈprɛmiə] refers to a reward or bonus given for good performance or achievement, particularly in the workplace. It can be financial or non-financial and may include incentives like extra vacation days or flexible working hours. Examples of its use include 'The sales team received a premia for exceeding their targets.'
