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What Are The Main Criteria Set For Bonuses?
They want to know about the procedure, rules and regulations for getting Bonuses.
Courtney224
January 07 2011
Answer posted 1 Years ago
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The payment or non-payment of Bonuses is for the employer to decide, and to negotiate with employees. Generally, Bonuses are paid once a year, and an employee has to work for a year to qualify for a bonus. Performance Bonuses are normally paid for good performance, and should be based as a percentage of the employees’ salary or wages. Performance Bonuses can also be paid as a lump sum to a department, and given equally to each employee in that department as decided. This would apply in the situation where all employees in a particular department are collectively responsible for above-average performance. This means that management, the foremen and even supervisors have become more involved with the monitoring of performance, and keep records for allotting Bonuses accordingly.
Aaren19
Jan 08, 2011
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