Discretionary bonus
What Is a Discretionary Bonus? A discretionary bonus is a one-time payment an employer gives to an employee as a reward, without prior agreement or expectation. These bonuses are not promised in advance, not written into employment contracts, and are not tied to specific performance targets or quotas. Instead, they are awarded at the employer’s […]
Deduction
What Are Deductions? Deductions refer to amounts taken out of an employee’s paycheck, usually to cover specific expenses or benefits. Unlike tax withholdings, which are legally required, deductions are often voluntary and can vary from one employee to another depending on their personal choices and benefit selections. Understanding Paycheck Deductions Employers often manage a range […]