Difference between revisions of "Bonus"
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| − | [[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]], | + | [[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. |
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:[[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)]], | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | ||
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==Related concepts== | ==Related concepts== | ||
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a | + | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particular enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]]. |
==Related lectures== | ==Related lectures== | ||
*[[Talent Management Quarter]]. | *[[Talent Management Quarter]]. | ||
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| − | [[Category: Septem Artes Administrativi | + | [[Category: Septem Artes Administrativi]][[Category: Articles]] |
Revision as of 14:44, 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.
According to College Accounting: A Practical Approach by Slater (13th edition),
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particular enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
