There are many types of bonus structures that an MNC could utilize. Bonuses like an annual bonus, signing bonus, a spot or discretionary bonus, retention bonus, referral bonus, holiday bonus, profit sharing bonus, and commission bonus and the list goes on. A bonus is pay that is additional compensation beyond your salary or hourly wage; these bonuses are given out when employees exceed expectations and are rewarded for it. But how do you make a bonus fair because the earning is influenced by exchange rates; well for one you could change the structure completely to be driven by revenue instead of profit. You can also base your bonus structure off of your net profit, you can cover the balance by raising your prices to offset these changes. comment on this ?whats your thought
There are many types of bonus structures that an MNC could utilize. Bonuses like an annual bonus, signing bonus, a spot or discretionary bonus, retention bonus, referral bonus, holiday bonus, profit sharing bonus, and commission bonus and the list goes on. A bonus is pay that is additional compensation beyond your salary or hourly wage; these bonuses are given out when employees exceed expectations and are rewarded for it. But how do you make a bonus fair because the earning is influenced by exchange rates; well for one you could change the structure completely to be driven by revenue instead of profit. You can also base your bonus structure off of your net profit, you can cover the balance by raising your prices to offset these changes. comment on this ?whats your thought
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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There are many types of bonus structures that an MNC could utilize. Bonuses like an annual bonus, signing bonus, a spot or discretionary bonus, retention bonus, referral bonus, holiday bonus, profit sharing bonus, and commission bonus and the list goes on. A bonus is pay that is additional compensation beyond your salary or hourly wage; these bonuses are given out when employees exceed expectations and are rewarded for it.
But how do you make a bonus fair because the earning is influenced by exchange rates; well for one you could change the structure completely to be driven by revenue instead of profit. You can also base your bonus structure off of your net profit, you can cover the balance by raising your prices to offset these changes.
comment on this ?whats your thought
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