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What is the different between a Bonus versus a retention bonus?
Wiki User
∙ 15y ago
For tax purposes, nothing...and they both are the same as any income from your employer for tax. Definitionally - Bonus is normally for achieiving certain results personally or as part of the organization - (like having the best attendence gets a bonus, or everyone in the department gets a bonus for getting the big project done on time). It is intended that the awarding of it and the amount would be discretionary on the employers part. A retention bonus is for your promise to stay on for at least some time or specific event. For example, the company has been sold and as what you do needs to be done for some time and tranasferred to the new owners staff, you will be given a bonus if stay until the XYZ system is converted to theirs.
Wiki User
∙ 15y ago
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They pay a retention bonus to get you to stay on the job. They pay you severance pay when they let you go. [Retain/Sever]
Is retention bonus eligible for 401K?
Retention bonuses are not 401K Elegible.
Why is MY employer taxing MY retention bonus at 40 percent?
Your employer is not taxing your retention bonus. Your employer is following the IRS rules that say your bonus is earned income, and as such, it is taxed just like other earned income.
Will your retention bonus be taxed as normal pay?
Yes. Because it is.
Can you capitalize retention bonus?
Yes, the term "retention bonus" can be capitalized at the beginning of a sentence or when used as part of a title or heading.
What is a retention bonus?
A Retention bonus is an incentive paid to a key employee to retain them through a critical business cycle. This could be a transitional period (such as mergers and acquisitions) to ensure productivity or to meet a critical milestone. It has proven to be a very good tool in persuading employees to stay.
What is meant by retention bonus?
Retention bonus means additional monetary encouragement paid to continue services, staffing and membership. There are many forms of a retention bonus offered this is a tool of retaining a businesses efforts to generate revenues and ensure it maintenance to do so. Staffing or employment bonuses are things like after 90 days of service one receives a bonus payment or five year service rewards to continue to maintain staffing levels in a competitive job market for business and/or prevent employees leaving taking viable skills to competitors. Membership and or Service retention bonuses are more geared in the retention of consumers that generate direct income for businesses such as renewals on cell phone service they may offer upgrades or loyalty rewards to continue business with the consumer. Retention bonus are offered in many forms discounts, perks, gift cards, checks, rewards and etc. The goal is to protect the ongoing ability of a business or service provider for making profit or continue to make assets through its labor pool. It assures no disruption that may hamper on-going activities.
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What is meant by bonus?
Retention bonus means additional monetary encouragement paid to continue services, staffing and membership. There are many forms of a retention bonus offered this is a tool of retaining a businesses efforts to generate revenues and ensure it maintenance to do so. Staffing or employment bonuses are things like after 90 days of service one receives a bonus payment or five year service rewards to continue to maintain staffing levels in a competitive job market for business and/or prevent employees leaving taking viable skills to competitors. Membership and or Service retention bonuses are more geared in the retention of consumers that generate direct income for businesses such as renewals on cell phone service they may offer upgrades or loyalty rewards to continue business with the consumer. Retention bonus are offered in many forms discounts, perks, gift cards, checks, rewards and etc. The goal is to protect the ongoing ability of a business or service provider for making profit or continue to make assets through its labor pool. It assures no disruption that may hamper on-going activities.
How is a bonus track CD different that a regular CD?
A bonus track has bonus songs or videos while a regular CD has your average songs.
What is a bonus?
A Retention bonus is an incentive paid to a key employee to retain them through a critical business cycle. This could be a transitional period (such as Mergers and Acquisitions) to ensure productivity or to meet a critical milestone. It has proven to be a very good tool in persuading employees to stay.
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Gold edition is that you get The War Chiefs in bonus. I personally recommend it.
