Tuesday 24 December 2013

Discretionary Bonus

Discretionary bonus is a special privilege given to a certain employee after completion of a certain period of employment. In this the management decides how much bonus shall be given to the certain employee and it may differ from what the others in the same position might be getting. The decision to provide this bonus lies in the hands of the management and there is no such provision that this is a compulsory bonus that should be provided to all the employees. The grounds that may serve as the basis of providing this bonus can be exceptional performance shown by the employee.

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