{"id":81998,"date":"2023-06-21T06:09:28","date_gmt":"2023-06-21T06:09:28","guid":{"rendered":"https:\/\/domore.in\/oldworkplus\/?page_id=81998"},"modified":"2025-02-25T11:37:31","modified_gmt":"2025-02-25T11:37:31","slug":"bonus","status":"publish","type":"page","link":"https:\/\/domore.in\/oldworkplus\/hr-glossary\/bonus\/","title":{"rendered":"Bonus"},"content":{"rendered":"\t\t
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What is a Bonus?<\/span><\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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An additional form of compensation offered to employees in addition to their regular salary or wages<\/strong><\/a> is known as a bonus<\/strong>. Rewards are generally granted to employees for their excellent exhibition, commitment, or accomplishment in the working environment<\/strong>, or as a compensation<\/strong><\/a> for meeting specific objectives or targets set by the organization. Rewards can be either cash or non-money<\/strong>, and they can be paid out at various seasons, like month to month, quarterly, or yearly<\/strong><\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Cash rewards<\/strong> are the most widely recognized sort of reward, and they are generally paid out in a singular amount. Typically, the bonus is calculated as a fixed amount or as a percentage of the employee’s base salary<\/strong><\/a>. On the other hand, non-cash bonuses can come in the form of gifts like merchandise, travel vouchers, or company stock. These non-cash bonuses are frequently given to employees as a reward for long-term service or as a reason to keep them employed.<\/p>

Types of Bonuses:

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