Bonus is a extra compensation which is over and above the amount of base salary. Bonus is based on the performance of an individual or group in an organization or to all the employees in an company. The bonus payment can be made in the form of cash, shares, or other form of compensations. Bonus can also be planned or pre-defined amount of money that can be earned for achieving a specified performance goal, this kind of bonus payment is expressed as percentage of base salary. Bonus is also paid to the employees on completion of certain projects or tasks in an organization, the amount is usually defined based on the nature and complexity of the task or project.
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