What are the rewards called that participants receive for achieving specific goals?

The correct term for rewards given to participants for achieving specific goals is performance bonuses. Performance bonuses are financial rewards granted to employees or participants based on their performance and contributions toward particular objectives or targets. These bonuses are often tied to measurable results, such as sales figures, project completions, or other key performance indicators, making them a direct incentive for achieving set goals.

The other terms provided, while related to recognition or motivation, do not specifically represent the concept of rewards for goal achievement in the same way. Recognition awards generally acknowledge effort or service, incentive meetings focus on strategy for performance rather than directly rewarding it, and participation certificates usually serve to acknowledge involvement rather than performance outcomes. Therefore, performance bonuses accurately define the financial rewards linked to specific accomplishments and goals.