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A thirteenth salary, or end-of-year bonus, is an extra payment sometimes given to employees at the end of December.Although the amount of the payment depends on several factors, it usually matches an employee's monthly salary and can be paid in one or more installments (depending on the country).
Review your options for awarding year-end bonuses to your SMB workforce without breaking the bank.
Bankers' bonuses are traditionally paid or awarded to some workers in the finance industry at the end of the bank's financial year. They are intended to reward employee behavior during that year that has increased the profits of the bank or some relevant part of its business, as shown by the annual accounts.
Pro rata is an adverb or adjective meaning in equal portions or in proportion. [1] The term is used in many legal and economic contexts. The hyphenated spelling pro-rata for the adjective form is common, as recommended for adjectives by some English-language style guides. In American English, this term has been vernacularized to prorated or pro ...
After being rocked by years of quality and safety issues, Boeing is changing the bonus formula it uses to pay more than 100,000 nonunion employees. Instead of basing most of white-collar employees ...
His "annualized average guaranteed compensation" — a figure that includes prorated bonuses — is $20.4 million. Those numbers do not include any compensation from Apple, Adidas, Fanatics or ...
Bonus payments in the UK in 2013. A bonus payment is usually made to employees in addition to their base salary as part of their wages or salary.While the base salary usually is a fixed amount per month, bonus payments more often than not vary depending on known criteria, such as the annual turnover, or the net number of additional customers acquired, or the current value of the stock of a ...
The Bipartisan Policy Center has advocated for updating Social Security’s benefit formula to prorate benefits based on the share of an individual’s lifetime earnings that contributed to the ...