Difference between revisions of "Bonus"

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According to [[Organizational Behavior by Robbins and Judge (17th edition)]],
 
According to [[Organizational Behavior by Robbins and Judge (17th edition)]],
 
:[[Bonus]]. A pay plan that rewards employees for recent performance rather than historical performance.
 
:[[Bonus]]. A pay plan that rewards employees for recent performance rather than historical performance.
According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
 
  
 
==Related concepts==
 
==Related concepts==

Latest revision as of 14:45, 5 January 2019

Bonus is something in addition to what is expected or strictly due. In worker's compensation, bonus is a pay plan that rewards employees for recent performance rather than historical performance. In a legal partnership, an equity bonus is a payment by a new partner or, vice versa, to a new partner.


Definitions

According to Organizational Behavior by Robbins and Judge (17th edition),

Bonus. A pay plan that rewards employees for recent performance rather than historical performance.

Related concepts

Related lectures