Bonus: Definition

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.

You may also like



SetupDoneStill have questions? Search Payroll Help


Did this help you?YesNo

ContactUsStill stuck? Contact us