How Can I Ensure I’ll Receive a Fair Bonus?Ī bonus is “a form of compensation that’s not guaranteed and that is usually paid after the completion of a certain event,” says Adi Dehejia, The Muse’s Chief Financial Officer.īonuses come in many shapes and sizes (all of which we’ll explain later), but generally speaking they’re performance-based, meaning a company distributes them based on how an employee or group of employees contributes to team or company goals-typically revenue-based ones.What Types of Bonuses Are There, and How Do They Work?.We’ll break ’em down so you come out feeling like a pro:
Understanding how they work and why they’re provided in the workplace can help you choose between a job with poor compensation and one where you’re set financially.
It’s why we get excited as consumers, and also why they intrigue us when considering a job offer.īut bonuses come with a lot of caveats, too. People love the idea of bonuses because “extra” or “free” stuff is hard to pass up.
Think about the last time a checkout clerk offered you a bonus discount on an item or you came across a bonus feature in a movie.
