As an Amazon Associate I earn from qualifying purchases.

Bonus Definition and Explanation PDF Download

Learn Bonus definition in hrm with explanation to study “What is Bonus”. Study bonus explanation with HRM terms to review HRM course for online MBA programs.

Bonus Definition:

  • One-time payment that does not become part of the employee's base pay.

    Human Resource Management by Robert L. Mathis, John H. Jackson



Bonus Explanation:

A reward or bonus is a budgetary pay that is well beyond the ordinary installment desires for its beneficiary. Rewards might be granted to both passage level workers and to senior level officials. Rewards might be dangled as motivations to planned workers and can likewise be disseminated to an organization's investors. In working environment settings, a reward is pay given to a worker that supplements their fixed pay or pay. An organization may utilize rewards to compensate accomplishments, to indicate appreciation to representatives who meet life span achievements, or to tempt not-yet workers to join an organization's positions. Organizations offer maintenance rewards to key representatives, with an end goal to energize dependability, particularly in descending economies or times of authoritative changes. This budgetary motivating force is a declaration of appreciation that tells workers their occupations are secure as time goes on.

Keep Learning HRM Explanations

What is Discipline?

Discipline is activity or inaction that is directed to be in understanding (or to accomplish accord) with a specific arrangement ...

What is Job Family?

A job family is characterized as a progression of related employment titles with dynamically more elevated amounts of effect, information, ...

What is Statutory Rights?

Statutory rights are a person's legitimate rights, given to that person by the nearby and national decision government. These are ...

What is Union?

Associations or unions are associations that consult with companies, organizations and different associations for the benefit of endorsers. There are ...

What is Sabbatical?

Sabatical are expanded nonattendance from working environment by people for accomplishing life objectives. This is an advantage given by the ...

What is Federation?

A fedration (otherwise called a bureaucratic state) is a political substance described by an association of in part self-overseeing areas, ...