Annual bonus - is given annually based on an employee’s annual base salary. Each employee is assigned a target bonus that reflects a possible bonus at the end of the year., Signing bonus - a one-time payment to a job applicant who is highly desired by a company recruiter, Spot bonus - employee may qualify for it if a major goal was achieved or exceptional/outstanding performance was demonstrated, Referral bonus - an award given to an employee who helps the agency recruit new talent by referring someone for an advertised, hard-to-fill vacancy, Retention bonus - rewards employees for staying with the company for a long period of time, Holiday bonus - is given out during the winter holiday time to thank employees for a successful year’s work. Can be of any size and may increase employee productivity, retention and motivation. A company may tie it to individual employee performance (i.e. beating sales goals or exceeding other KPIs), Profit-Sharing Bonus - awards employees a percentage of the company’s profits and is based on the company’s actual earnings over a set period of time. The company contributes part of its pre-tax profits into a pool that is distributed among eligible employees. The amount distributed to each employee depends on salary, title. It can either be shared in the form of stocks or a cash amount, Commission - is based on the amount of money or revenue a salesperson earns in the sales they have made,

Types of Bonuses Top Companies Offer

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