A bonus is compensation over and above the amount of pay specified as a base salary or hourly rate.
You might want to give bonuses to thank employees or a team for reaching a significant goal, or to improve employee morale, motivation, and productivity. Bonuses can be distributed randomly as the company can afford to pay a bonus, or as specified by an employment contract.
SetupDoneStill have questions? Search Payroll Help
ContactUsStill stuck? Contact us