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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.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 

Answer posted 1 Years ago

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.

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