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What is a spot bonus?

PeopleKeep

Unlike annual bonuses, spot bonuses are given "on the spot" to reward an employee for a particular action or behavior. A promotion or bump in salary isn't your only option to show appreciation. You can recognize an employee's extra effort or specific accomplishments with a spot bonus.

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LloydsPharmacy gives staff 5.75% bonus

Employee Benefits

Credit: Michael715 / Shutterstock.com LloydsPharmacy pharmacists have agreed to a pay deal in which they will receive a 3.5% bonus payment this month, followed by a 2.25% bonus in October. The post LloydsPharmacy gives staff 5.75% bonus appeared first on Employee Benefits.

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47% of businesses plan bonuses for Christmas 2022

Employee Benefits

Almost half (47%) of businesses said they planned to provide staff with year-end bonuses for Christmas 2022, according to research by Just Eat for Business. For those planning on providing Christmas bonuses, employers based the decision on sales targets (31%), profits (30%) and employees’ personal goals (29%).

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Daimler Truck awards profit share and appreciation bonuses

Employee Benefits

The bonuses were decided upon by the firm’s board of management and the General Works Council, and apply to 25,000 tariff-scale German employees, who will receive it with their April 2023 pay. The aim of this was to ensure all employees eligible for bonuses will be closer aligned with Daimler Truck’s economic success in Germany from 2023.

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10 Ways to Keep Your Hourly Employees

Although sign-on bonuses might get people in the door, it takes a little more effort to ensure employees stay. As the battle for talent rages on, you need a strategy to get and keep great workers.

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What Is the Bonus Tax Rate?

Patriot Software

Picture your star employees and how much value they add to your business. Many employers recognize their employees’ value with bonus pay. When you give an employee a bonus, you are required to withhold taxes on the additional money. To figure out how much to withhold, you need to understand the bonus tax rate. Supplemental […] READ MORE.

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Employee bonus programs: What’s right for your company?

Insperity

Employers usually offer bonuses to employees for a specific purpose (for example, to reward certain behavior or to recognize the achievement of established goals). For employees, bonuses are very popular because they represent an opportunity to earn more money beyond what their salary or hourly rate dictates. How employers benefit.

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