Employment Law
Cracking the Code: A Comprehensive Guide to Bonuses — Definitions, Types, Calculations, and Taxation
The payment of bonuses to employees is a common practice in many organizations. However, when it comes to calculating regular pay and overtime, the classification of these bonuses as discretionary or non-discretionary becomes crucial. In this article, we will delve into the distinctions between discretionary and non-discretionary bonuses and explore their implications on an employee’s regular rate of pay. Furthermore,
September 21, 2023