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It provides employers with flexibility, as they can decide when and how much to reward employees based on the business’s financial health, employee contributions, or other factors. For businesses, discretionary bonuses can also help retain top talent and encourage employees to go above and beyond in their work. Bonuses are a great way to show your hourly employees that you value them and their contributions to your business. Depending on how and why you reward your employees, it can affect your taxes, your employee’s overtime pay, and more. To implement discretionary bonuses in your rewards and https://www.bookstime.com/ recognition program, first establish clear guidelines that define the purpose, criteria, and timing of the rewards.

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