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s the year winds down, employees everywhere are looking forward to a familiar end-of-year tradition: annual bonuses. For companies, this is more than just a financial transaction. Bonuses represent an opportunity to reward performance, align employees with organizational goals, and foster a culture of motivation and accountability. But how companies approach bonuses can vary widely, reflecting different strategies, priorities, and workforce dynamics.
their best, bonuses do more than pad employees’ wallets. They’re often intended as a potentially variable incentive for high perform
a
nce. “Compensation plans are designed to incent and drive desired behaviors,” says Ruben