Bonuses are one of the ways employers reward their employees fora job well done. And offering regular, significant bonuses is a wayto keep your best people from looking elsewhere for a job.
Bonuses are usually determined as a percentage of annual salary,though giving all employees the same monetary bonus is also anoption. Much depends on your corporate philosophy and goals. Agrowing number of employers are reducing salaries and increasingthe portion of compensation that’s performance-based, such asbonuses. Through this approach, companies can more directly andimmediately reward outstanding achievement. And many firms arebasing bonuses on the performance of not just the employee but thecompany as well in order to reward both personal and teamaccomplishments.
