Bonuses

​A bonus is money you give to an employee in addition to the salary or hourly rate usually due as compensation. Bonuses can be in the fo​rm of a gratuity where there is no promise for payment (for example, you decide at the end of the year to reward employees for a job well done) or when you promise a bonus in return for a specific result (for example, you promise a specific or percentage bonus if the organization adds 50 new clients).1

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