Simple reversionary bonus
Compound reversionary bonus
Terminal bonus
Any of the above
Answer is Wrong!
Answer is Right!
The correct answer is: D. Any of the above
A bonus is a payment in addition to regular salary or wages given to an employee as a reward for good work or to recognize a special achievement. There are many different types of bonuses, but some of the most common include:
- Simple reversionary bonus: This type of bonus is paid out at the end of a fixed period of time, such as a year. The amount of the bonus is usually based on the employee’s performance during that time period.
- Compound reversionary bonus: This type of bonus is similar to a simple reversionary bonus, but the amount of the bonus is based on the employee’s performance over a longer period of time, such as five years.
- Terminal bonus: This type of bonus is paid out when an employee leaves the company. The amount of the bonus is usually based on the employee’s length of service and their performance during that time.
Bonuses can be a valuable tool for motivating employees and rewarding them for their hard work. However, it is important to use bonuses wisely and to make sure that they are aligned with the company’s overall goals.