A bonus is usually an additional payment given to the employees along with their fixed salary at certain time of the year. A bonus plan is very much dependent on either annual turnovers, or on the current value of the stock of a company. Every company need a bonus plan first in order to successfully carry out the execution of bonus to their employees. This article discusses about several types of bonus Media Plan used by companies. Word limit for the article is 400.
Simple Financial Plan Template
Employee Bonus Plan Template
This is a bonus template of a company, made to reward its employees. An employee bonus plan or an employee incentive plan, is a way of recognizing and rewarding hard work, and this also provides flexibility to administrate the bonus. It also identifies the one who is giving the bonus, the amount in the bonus pool; also the ones who are getting it.
Executive Bonus Plan
This executive bonus plan or EBP is a way to incent and reward the hardwork of the executive officers of any company, to achieve the goals of the company successfully. This plan provides opportunity of competitive compensation to the executive officers as well. Usually in this planning a plan year starts in January and ends in December.
Sales Bonus Plan Template
This incentive plan is a good business tool, effective to compensate and motivate a sales agent or professional to meet his aims within the time. It is very similar to the concept of ‘commission plan’ that is given when the total sales are not the overall measure of the sales productivity as a whole.
Management Bonus Plan Template
This kind of annual bonus plans are made for specially people engaged in managerial activities of a company. The employees who showed an extraordinary effort to the management of any company usually get paid by this bonus plan, typically in cash.
Quarterly Bonus Plan
Bonus Plan for Farm
Annual Bonus Plan
Various bonus plans, differed by varying conditions, overall aim to increase the enthusiasm of the workers and the productivity of the company as well.
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