Resource Center: HR, Payroll, & PEO Insights | LBMC EP

A Quick Guide to Employee Bonuses

Written by lbmcep_admin | Nov 2, 2021, 1:06:03 PM

With the holidays and the end of the year approaching, many employers consider bonuses for their employees. Bonuses can be used to incentivize good performance or to show appreciation to hard-working employees. While bonuses are common among many companies, every business has a different philosophy for what bonuses should be used for and how they should be distributed. To provide some insight into your next bonus cycle, here is a quick, helpful guide with a few tips.