A bonus is a supplemental amount paid over and above what is normally due to an employee. There are a variety of ways companies determine the amount of a bonus. When it comes to completing payroll, ...

Performance-based bonuses are incentive systems for a company's employees that tie personal and teamwork efforts to financial rewards for the individual employee and team. Individual bonuses are used ...

A nuanced understanding is crucial when offering compensation beyond employees' agreed-upon salary or wages.

The bonus is based on factors such as basic pay, eligibility ceiling, and a fixed bonus rate. The Central Government Diwali bonus is an ex-gratia payment given to eligible non-gazetted employees. The ...