Bonus

What is Bonus ?

  
‘Bonus’ is a financial stimulus provided to employees over their normal payroll. A bonus is different from a ‘benefit’ in the sense that it is always provided as money. Bonuses are generally awarded during festival periods to please the employees.
 
It might be awarded to both senior-level executives as well as entry-level employees. It might also be advertised as an incentive for candidates to join the company.
 
Sometimes, bonuses are also awarded to the shareholders in case the company performs well. Similarly, long term employees might also be given bonuses for their prolonged loyalty to the company.

More HR Terms

Proximity Bias

What is Proximity Bias? Proximity Bias is the tendency of managers to favour employees who are physically present in the office over those working remotely

Business Process Outsourcing

What is Business Process Outsourcing?   ‘Business Process Outsourcing’ is the concept of outsourcing business processes to another company to save time and resources. The

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