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A bonus payment is usually made to employees in addition to
their base salary as part of their wages or salary. While the base
salary usually is a fixed amount per month, bonus payments more often
than not vary depending on known criteria, such as the annual turnover,
or the net number of additional customers acquired, or the current value
of the stock of a public company.
Thus bonus payments can act as incentives for managers attracting their attention and their personal interest towards what is seen as gainful for their companies' economic success.
There are widely‐used elements of pay for performance and
working well in many instances, including when a fair share of an
employees participation in the success of a company is desired.
There are, however, problematic instances, most notably
when bonus payments are high. When they are tied to possibly short-lived
figures such as an increase in monthly turnover, or cash flow generated
from an isolated marketing action, such figures often do not reflect a
solid reliable win for a company, and they certainly do not reflect a
manager's lasting efforts to the company's best.
Australian retail entrepreneur Gerry Harvey, while supporting bonuses for long term company performance has said
that too many bonuses are focused on the short term. "[To
say] 'just because you had a good year this year I'll give you a $5
million, $10 million bonus', I think that's stupid,"
A holiday is a day set aside by custom or by law on which
normal activities, especially business or work including school, are
suspended or reduced. Generally, holidays are intended to allow
individuals to celebrate or commemorate an event or tradition of
cultural or religious significance.
Holidays may be designated by governments, religious
institutions, or other groups or organizations. The degree to which
normal activities are reduced by a holiday may depend on local laws,
customs, the type of job held or personal choices.
The concept of holidays often originated in connection with
religious observances. The intention of a holiday was typically to
allow individuals to tend to religious duties associated with important
dates on the calendar. In most modern societies, however, holidays serve
as much of a recreational function as any other weekend days or
activities.
In many societies there are important distinctions between
holidays designated by governments and holidays designated by religious
institutions. For example, in many predominantly Christian nations,
government-designed holidays may center on Christian holidays, though
non-Christians may instead observe religious holidays associated with
their faith. In some cases, a holiday may only be nominally observed.
For example, many Jews in the Americas and Europe treat the relatively
minor Jewish holiday of Hanukkah as a "working holiday", changing very
little of their daily routines for this day.
GUJARAT SARKAR NA VARG 4 NA KARMCHARIO NE BONUS AAPVA BABAT GR
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