This form is a sample letter in Word format covering the subject matter of the title of the form.
This form is a sample letter in Word format covering the subject matter of the title of the form.
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I am writing this letter with immense pleasure and respect. I would like to inform you that I have been working hard and sincerely to present my dedication towards the growth of our company. I have worked overtime and worked as and when required by the company. I believe that I deserve some bonus for the same.
A company sets aside a predetermined amount; a typical bonus percentage would be 2.5 and 7.5 percent of payroll but sometimes as high as 15 percent, as a bonus on top of base salary. Such bonuses depend on company profits, either the entire company's profitability or from a given line of business.
3. What Types of Bonuses Are There, and How Do They Work?Annual Bonus. An annual bonus is usually based on overall company performance.Spot Bonus.Signing Bonus.Retention Bonus.Referral Bonus.Holiday Bonus.Commission.
Follow the steps below and your bonus program will be a reality before you know it.Set goals. Then, tie bonuses to those goals.Choose an amount that actually makes a difference. Money talks.Don't wait.Know the tax implications.Write out the basics and communicate them to your team.
Ten ways to tell someone they've got a bad bonus1) Don't let others do your dirty work. Newsletter sign up.2) Use appraisals to your advantage.3) Keep consistent.4) Get it done early.5) But don't rush.6) Make it personal.7) Talk around the bonus.8) Encourage feedback.More items...?
To: All Employees or Dear Name of Employee: I am pleased to announce that the numbers are now in for year, and we have not only met all our goals but exceeded them for sales and customer service! All of you have my congratulations and personal appreciation for this achievement!
To: All Employees or Dear Name of Employee: I am pleased to announce that the numbers are now in for year, and we have not only met all our goals but exceeded them for sales and customer service! All of you have my congratulations and personal appreciation for this achievement!
Dear Employee Name, We are pleased to present you with your year award in the amount of $. This bonus award reflects your excellent performance, the contributions you made and the goals achieved on behalf of Company Name during the past year.
What should I consider when asking for a raise or bonus? Do not simply knock on your manager's door and ask for a raise, especially if you are not prepared to list the reasons why you deserve one. Prepare beforehand as if you were going in for a job interview and be mindful of your employer's business cycle.