Nowadays, several business leaders offer bonuses to their employees. It must be said that sometimes, these bonuses in the company can constitute a significant part of the salary received by the employees. Contrary to public opinion, some of these bonuses are mandatory while others come from the goodwill of the employer. Indeed, there are different types of bonuses in the company. What is a bonus in the company? What are the main bonuses in the company? You will discover these points in the following article.
Some essential concepts about bonuses in the company
As its name suggests, the bonus in the company is a salary supplement received by employees in order to encourage, reward, or motivate them. It should be noted that it can also be granted by companies or employers as compensation for certain working conditions. Among those that exist is the taxable bonus considered mainly as a right of the employees, as it is granted according to the legal provisions provided in this context.
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Indeed, the bonus in the company is also an accessory to remuneration that is assessed based on the agreements and/or commitments previously agreed upon by both parties. To put it simply, it can be either a employment contract or a collective agreement. It is also important to specify that bonuses in the company should not be confused with benefits in kind or allowances. It is worth noting that there are currently several types of bonuses in the company that employees benefit from.
The main company bonuses
Before addressing this part, let’s clarify that the bonus in the company is distinct from the usual salary received by an employee and presents a relatively exceptional character. Also, its periodicity can be monthly or even annual, in which case we speak of the “thirteenth month” bonus. Among the bonuses that exist, we can list: those that are mandatory, those for profit-sharing, year-end bonuses, and seniority bonuses. As stated earlier, mandatory bonuses are provided for by an employment contract or a collective agreement. To put it better, these bonuses are well assessed, regulated, and then sent precisely and have the primary objective of rewarding a specific fact.
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The profit-sharing bonus, on the other hand, is mandatory for companies with more than 50 employees for a duration of 12 months. It essentially consists of redistributing a portion of the company’s profits to the employees and its calculation is done according to well-defined participation rules. The year-end bonus remains optional and depends on the goodwill of each employer. It is often mentioned in an employment contract or in a collective agreement when it is paid to the employee. Finally, the seniority bonus, as its name implies, is an optional remuneration aimed at encouraging and rewarding an employee for their years of collaboration.
Other important bonuses in the company
In addition to the previously mentioned bonuses, there are also others that are quite important. We thus have the incentive bonus, the exceptional bonus, and those related to performance and working conditions. The incentive bonus is the one offered as part of an incentive agreement. Indeed, it associates employees with the results and is based on measurable elements. The exceptional bonus, on the other hand, is optional and depends on the willingness of each employer.
The bonuses related to performance and working conditions constitute real advantages for employees, as they reward efforts, objectives, and much more. Also, they are non-mandatory and depend on the employer’s goodwill. We thus have the attendance bonus and the performance bonus. In addition, there are also security bonuses such as those for insecurity, hardship, night work, and on-call duty. Finally, it should be noted that there are also other bonuses in companies that enhance the lives of employees.