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In this article, we discuss employee bonuses, including the different types, and explain how to calculate an employee bonus yourself. What is an employee bonus? an employee bonus is pay awarded to an employee in addition to their regular salary or pay rate. A bonus is extra money that an employee receives on top of his or her wages or salary. The person may receive the extra payment for good performance. Sometimes, all employees in a company receive extra money at a certain time of the year. For example, if they get an extra payment at christmas, it is a christmas bonus. A commissioned bonus is a type of bonus that a sales employee receives as a part of their salary. This type of bonus is typically given to employees after they meet set sales numbers, however, employers can also administer commissioned bonuses in response to an entire sales team meeting its sales numbers. Bonuses come in many shapes and sizes (all of which we’ll explain later), but generally speaking they’re performance-based, meaning a company distributes them based on how an employee or group of employees contributes to team or company goals—typically revenue-based ones. A bonus is a payment made in addition to the employee’s regular earnings. Under the flsa, all compensation for hours worked, services rendered, or performance is included in the regular rate of pay. The act provides an exhaustive list of payments that may be excluded from the regular rate of pay. Bonuses are additional compensation beyond an employee’s regular pay. Employers offer bonuses to attract, retain, reward, and motivate staff. Types of bonuses include signing, retention, referral, holiday, longevity, profit-sharing, safety, and severance

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