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Year-end bonus is an an example of the additional benefits employers offer to their employees that are not mandated by law.
What is Year-end bonus?
- A reward given to an employee at the end of the year is known as a year-end bonus (sometimes known as a "Christmas bonus").
- The amount of many year-end incentives can change depending on whether particular milestones are reached because they are often linked to performance measures.
- Year-end bonuses are often lump sum payments offered to the employee as a reward for their efforts and commitment.
- Top financial business executives and staff frequently receive sizable bonuses at the end of the year on Wall Street. Bonus amounts vary based on the economy and the performance of the year, but they are typically significant.
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