Whether you receive a holiday bonus often depends on factors such as the industry you work in, your employer's preferences and how your company performed in the past year. Some employers award this money as either a percentage of an individual's salary or a flat rate. Holiday bonus : Holiday bonuses are extra sums of money gifted to employees at the end of the year. Publicly traded companies allocate shares to employees as part of their profit-sharing plan. The amount paid depends on the company's current profitability as well as the employee's salary. Profit-sharing : Profit-sharing is a bonus made of a percentage of a company's profits over a set period of time, such as one year. Sign-on bonuses are commonly seen in sales roles. Employers use this type of bonus as an incentive to garner more interest in open positions. Sign-on bonus : A sign-on or signing bonus is a sum of money paid to new employees upon hire and is determined while negotiating a job offer. While employers award bonuses for different reasons, there are many different types they offer, including: In most cases, employees earn bonus pay as an award for excellent work or as an end-of-year reward. View more jobs on Indeed View More What is an employee bonus?Īn employee bonus is pay awarded to an employee in addition to their regular salary or pay rate.
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