Claim your Copy of
Top 100 FLSA
Overtime Q&As
Your email address will not be published. Required fields are marked *

Bonus Payments: What you need to know

Bonuses are a way for employers to recognize and reward employee accomplishments in a monetary form. Bonuses can become an integral part of a company's compensation package and have gained favor as a way of tying pay to performance.
While some bonuses can be entirely gratuitous, there is an element of gift giving in all of them. Employers that award bonuses may receive certain practical and tangible benefits in return. A bonus is seen as an expression of goodwill from employer to employee. Whether it's a singular reward for a significant accomplishment or a holiday gift that all receive, bonuses exemplify a personal touch and may evoke incalculable loyalty and dedication.
Bonuses allow organizations to link employee compensation to performance and allow for increased productivity. They can be used as an incentive to retain top performers and can be used to eliminate or reduce annual salary increases.
For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!
Bonuses come in many different forms. They can be express, implied, based on the company's performance in a given period, or based upon an individual's performance. Express bonuses are those that are promised (e.g., you will receive this much); implied bonuses might be reasonably inferred (e.g., if sales goals are met, you might expect to receive a certain percentage of your salary as a bonus). The following types of payments might accurately be described as bonuses.
Performance awards. These can be given for specific, individual, or group achievements and are commonly used to establish incentives for the fulfillment of particular organizational goals. They range from large payments made to high-level executives who have achieved objectives to inexpensive gifts awarded to employees for ...

>> Read more about Bonus Payments

More on this topic:

State Requirements

Pennsylvania |

Bonus Payments Resources

Bonus Payments Products

Overtime on Bonuses Webinar Recording
BLR Webinar: "Avoid Startlingly High Fines and Expensive Lawsuits Based on Failure to Pay Overtime on Bonuses""
Overtime on Bonuses Webinar - September 22
BLR Webinar: "Avoid Startlingly High Fines and Expensive Lawsuits Based on Failure to Pay Overtime on Bonuses""
Calculating Overtime Webinar Recording
BLR Webinar: "Calculating Overtime: HR's Pay Practice How-To for Federal Wage & Hour Law Compliance""
Overtime on Bonuses Webinar and Recording - September 22
BLR Webinar: "Avoid Startlingly High Fines and Expensive Lawsuits Based on Failure to Pay Overtime on Bonuses""
Benefit Survey: Cash Compensation Methodologies
It’s been a struggle (to say the least) to manage compensation with all the recent economic pressures. With little or no money available, how do you keep employees motivated? "
Free Special Reports
Get Your FREE Special Report. Download Any One Of These FREE Special Reports, Instantly!
Featured Special Report
Claim Your Free Copy of Top 100 FLSA Overtime Q&As

We’ve compiled a list of the 100 most commonly asked questions we have received on the federal Fair Labor Standards Act (FLSA) overtime regulations.
Download Now!

This report, "Top 100 FLSA Q&As", is designed to provide you with an examination of the federal FLSA overtime regulations in Q&A format, including valuable tips for bringing your workplace into compliance in an affordable manner.

At the end of the report, you will find a list of state resources on wage and hour issues. This report includes practical advice on topics such as:
  • FLSA Coverage: How FLSA regulations apply to all employers and any specific exemptions from the overtime requirements
  • Salary Level: Qualifying for exemptions and nonexempt employees
  • Deductions from Pay: Deducting for violations, disciplinary reasons, sick leave, or personal leave

Download Now!