Year-End Bonus

A year-end bonus is a lump sum of money given to employees by their employer at the end of the year, typically as a reward or recognition for their performance, contribution, or company's success. It serves as an additional form of compensation on top of regular salary or wages. Year-end bonuses can vary in amount and are often discretionary, meaning they are not guaranteed and depend on various factors, such as individual or team performance, company profits, or predetermined criteria.