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

Extrinsic Motivation

What is Extrinsic Motivation?   ‘Extrinsic Motivation’ refers to the motivation provided by extrinsic factors which exist outside the scope of normal factors such as

Chief Executive Officer (CEO)

What is Chief Executive Officer (CEO) ?    A ‘Chief Executive Officer’ or CEO is an individual or a group of individuals who manage an

Employee Satisfaction

What is Employee Satisfaction?   ‘Employee Satisfaction’ is the term used to define the collective satisfaction of an employee regarding their job, compensation, duties, workspace,

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