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Bonus Definition and Explanation PDF | Download eBooks

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

Bonus Definition:

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

    Organizational Behavior by Stephen P. Robbins, Timothy A. Judge



Bonus Explanation:

A bonus or compensation plan is normally made to workers notwithstanding their base pay as a component of their wages or compensation. While the base pay as a rule is a fixed sum for each month, extra installments usually change contingent upon referred to criteria, for example, the yearly turnover, or the net number of extra clients obtained, or the present estimation of the load of an open organization. Consequently extra installments can go about as motivations for supervisors standing out for them and their own enthusiasm towards what is viewed as beneficial for their organizations' financial achievement. There are widely used components of compensation for execution and functioning admirably in numerous cases, including when a decent amount of a representatives interest in the achievement of an organization is wanted. There are, in any case, hazardous examples, most strikingly when extra installments are high.

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