Year-End Bonus

Year-End Bonus

A bonus paid to employees at the end of a calendar year. Year-end bonuses are popular with employees, but bad feelings can result if they received a bonus one year but not the next. However, they are good for morale, especially since they come close to Christmas and other end-of-year holidays. Year-end bonuses may be calculated based on sales, collections, performance or in some other way.
References in periodicals archive ?
The firm is handed out a generous year-end bonus last year by rewarding every member of staff with more than four months at the company with a Tesla.
The Minister noted that work stoppage is due to the problem raised by calculation of the year-end bonus, saying viewpoints between the two sides are close and it is possible to find solutions that take into consideration both the company's resources and workers' claims.
Abad clarified that this is on top of the year-end bonus equivalent to a month s pay and the additional P5,000 cash gift recently provided by the department across-the-board.
This isn't like a year-end bonus or a sales bonus given for reaching a goal during a quarter.
The budget has been increased in connection with additional allocation of funds for payment of year-end bonus for workers of the Parliament of Kyrgyzstan according to the resolutions of the Parliament of 28 October 2011 and 14 February 2013.
According to a survey by Bank of Montreal (NYSE: BMO), Canadians are very optimistic about receiving a year-end bonus.
4), lower than the level of NT$34,768 in 1999, with average salary including overtime pay, year-end bonus, and employees' bonus in the first eight months being NT$43,514 (US$1,450.
Software engineer Hu Xiaofei said he spent 6,000 yuan, more than half of his year-end bonus, to rent a girlfriend for a week-long stay in his family home in the countryside of central Hunan province.
JP Morgan declined to reveal how much had been set aside specifically for its year-end bonus pool, but said in today's results that performancerelated pay was higher than in 2009.
I can remember a business relationship manager I was indirectly responsible for earning almost the size of his salary in a year-end bonus.
President Benigno Aquino III, in his State of the Nation Address, said members of the MWSS Board of Trustees (I do not understand why they are called trustees when they cannot be trusted) gave themselves, on top of their regular salaries, P14,000 for each board meeting, P80,000 grocery allowance, a mid-year bonus, a productivity bonus, an anniversary bonus, a year-end bonus, financial assistance, Christmas bonus, and a Christmas package each worth P80,000 on top of the Christmas bonus.
The airline said that it is again unable to pay the usual one month's salary as a discretionary year-end bonus to eligible Hong Kong-based employees, but it will make an ex-gratia payment to these employees of either half a month's salary or HKD8,000, whichever is greater.