What does HPI mean in CAREER

High Performance Incentive (HPI) is a form of performance-based compensation designed to reward employees for achieving specific goals.

HPI rewards can come in the form of bonuses, raises, promotions, or other incentives.

By incentivizing employees to exceed expectations, employers are able to drive up workplace productivity and motivate their staff members to be more efficient and productive.

No, while both are forms of performance-based compensation they have differences in how they're structured and administered by the employer. Specifically with regards to bonus programs the details such as amount of bonus or types of achievements necessary for bonus attainment may vary significantly depending on the company's guidelines. With HPI however there are specific goals that must be met in order for an employee to receive any incentive.

One potential drawback associated with HPI is that if an employee succeeds at meeting their set goals too quickly then additional challenges and tasks may need to be created in order for them to continue receiving additional rewards ensuring that an employer gets their desired results from an employee over a sustained period of time. Another potential issue is that employees may not always feel motivated by these kinds of incentives, so it's important for companies to tailor their program accordingly.