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Some bonuses are distributed quarterly, others yearly. Some are a one-time thing, others are recurring. It all👄 depends on what role you're in, what level you're at, what you contribute, what your leadership is like, and what👄 kind of company you work for (among many other things).
A year-end bonus is a form of👄 compensation that employers pay to their employees in addition to their regular earnings. This type of bonus is often tied👄 to performance metrics. Bonuses can be made in cash as lump-sum payments or in other forms, such as stocks or👄 paid time off.
An annual bonus of 5-10% of your yearly salary is standard in a lot of industries, just💹 as a 5-10% annual raise is considered standard. However, if you work on commission, you may see a significantly higher💹 percentage. Your industry, company revenue, location, and level also heavily inform what's expected.
Most companies assign a💹 target bonus that each employee is eligible to receive at the end of the year. The employer awards the full💹 annual bonus if the employee meets specific goals and the company or department meets its performance goals.
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