{"id":194872,"date":"2021-06-25T16:10:30","date_gmt":"2021-06-25T20:10:30","guid":{"rendered":"https:\/\/www.attendancebot.com\/blog\/?p=194872"},"modified":"2021-08-31T06:25:39","modified_gmt":"2021-08-31T10:25:39","slug":"employee-bonus","status":"publish","type":"post","link":"https:\/\/www.attendancebot.com\/blog\/employee-bonus\/","title":{"rendered":"A Comprehensive Guide to Employee Bonus"},"content":{"rendered":"

An employee\u2019s drive to succeed is steered by two factors: intrinsic and extrinsic.\u00a0<\/span><\/p>\n

Intrinsic factors are traits that are found in an individual such as curiosity or the drive to learn and are not influenced by external factors. For instance, an employee stays longer with an organization because the work environment is welcoming and conducive to learning.\u00a0<\/span><\/p>\n

\u00a0On the other hand, another employee stays for a longer duration because they are motivated by the salary and additional benefits that their employer provides.\u00a0<\/span>The latter is described as extrinsic motivation whereby the employee is motivated by external rewards.\u00a0<\/span><\/p>\n

A pat on the back or a good evaluation will definitely cheer up your employees but it is the bonus that is likely to improve their performance, morale, and productivity.\u00a0<\/span><\/p>\n

In this article, you will learn about the types of bonuses, how they are calculated and taxed, and their benefits to employers and employees.\u00a0<\/span><\/p>\n

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