BONUS
Financial Dictionary — Payroll & Human Resources
Definition
BONUS is remuneration over and above regular salary.
Detailed Explanation
A bonus is additional compensation paid to employees beyond regular salary, often based on performance, profits, or achievement of targets.
Common Uses
- Used to explain the concept in accounting and business contexts.
- Used when training staff or documenting procedures and policies.
- Used when training staff or documenting procedures and policies.
Practical Example
- Example: Teams reference **BONUS** when defining terms in manuals, policies, or training materials.
Why This Term Matters
- Why it matters: Improves clarity and consistency across documentation and decision-making.