KIDS TRIVIA

Detailed explanation-1: -A bonus is a financial reward that is given to an employee beyond their normal salary or wages. It can be given as an incentive to encourage certain behavior or to reward good performance.

Detailed explanation-2: -There are two ways to categorize most bonuses: discretionary (not guaranteed) or nondiscretionary (guaranteed as shown in your employment contract). Companies often use bonuses as a way to increase productivity, improve employee retention, thank employees for their efforts and create a positive work environment.

Detailed explanation-3: -The concept of a bonus is a monetary benefit or incentive paid to employees in addition to their regular salary. The word has its origin in Latin word Bonus. It can be given for special skills, risk-taking, extra work, promotions, setting an example for others, etc.

Detailed explanation-4: -Annual Bonus. An annual bonus is usually based on overall company performance. Spot Bonus. Signing Bonus. Retention Bonus. Referral Bonus. Holiday Bonus. Commission.