If you’re helping the company meet its goals or exceeding your own, especially in revenue-generating roles, you might be eligible for a bonus. Usually, bonuses are treated as rewards for employees who go above and beyond to support the company or lead it in new directions.

Most bonuses are discretionary, and managers can choose who does or doesn’t qualify for one. Typically, bonuses will be given as rewards for completing a big project or as a show of appreciation for the work you’ve done. The reasons for bonuses vary from company to company, so check with your boss or your human resources department to be sure. Commission is a predetermined compensation given to an employee based on their actions, such as making sale. Types of bonus pay include performance bonus, signing bonus, and retention bonus.Ĭommission is not the same as a bonus. It is important to speak with your boss and HR representative regarding bonuses. It is usually discretionary.Įmployers may hand out bonuses as a reward, to share profits, or to boost morale.

While bonuses are definitely a good thing, you can’t forget about some of the issues that can pop up while dealing with them.īonus pay is extra pay employees receive from their employer. Depending on your company, there might be certain requirements you need to meet in order to be eligible for a bonus or some caveat in how or when you’ll be getting that bonus. The only downside to getting a bonus is that they can be confusing. Who doesn’t want a little extra money in their pocket for a job well done? Bonuses are great not just because they give you a little income boost but because they’re also a sign that you’re doing something right.

Everyone loves hearing that they’re getting a bonus.

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