Year-End Bonus

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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.
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References in periodicals archive ?
If determined to be guilty of absenteeism, the flight attendants' year-end bonuses may be deducted and their chances of being promoted in the future will also be affected.
On the other hand, OTS explained, 'requirements for the 2017 were not met due to excessive funds allotted by the Department and Budget Management (DBM) for the OTS Mid-year and Year-End Bonuses which should only amount to P23M.'
He also added that government employees too will receive year-end bonuses.
In 2017, the tech giant gave bonuses to employees of the semiconductor division that made remarkable achievements, but this year, the company will extend the special year-end bonuses to employees of other divisions such as household appliances and smartphones.
Government workers, including civilian and uniformed personnel, will all receive their year-end bonuses and cash gifts starting today.
India's banking regulator is delaying year-end bonuses to heads of top private banks because of questions related to lenders' performance.
In a memo to employees, Bank of America CEO Brian Moynihan said the company should see benefits from the lower corporate rate and that it would pass that along to employees in the form of $1,000 year-end bonuses. Those bonuses were paid to employees making up to $150,000, about 145,000 employees according to the American Banking Association.
Many people plan to use year-end bonuses to pay off holiday bills when they come due in January.
It looked at how many employees receive a Christmas bonus (13th salary) and year-end bonuses and what is their average amount."Most employees can only dream about financial benefits at the end of the year," Paylab wrote in its press release.
"These year-end bonuses unfortunately will just end-up in debt payments for many of our teachers," Basas said.
"Year-end bonuses are huge triggers for getting people to buy.
By law, publicly traded companies must disclose compensation — including year-end bonuses for key executives — via an 8-K filing with the Securities & Exchange Commission.