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

Managed Service Provider

What is Managed Service Provider?   ‘Managed Service Provider’ refers to the third party that manages a company’s IT infrastructure including the computers, servers, etc.

System of Record

What is System of Record?   A ‘System of Record’ is an information storage system in which a particular database is considered as the original

Labour Force Participation Rate

What is Labour Force Participation Rate?   ‘Labour Force Participation Rate’ refers to the rate of individuals who are active in the job market, either

Contact Us

Contact Us

We use cookies on our website to provide you with the best experience.
Take a look at our ‘privacy policy’