Viewing 1 post (of 1 total)
  • Author
    Posts
  • #1431 Reply

    Is there a Right to a Bonus?

    In South Africa, the payment of bonuses is not mandated by labor law. This means that employees do not have an automatic right to receive a bonus unless it is stipulated in their employment contract or company policy. Here are some key points regarding your rights and how to potentially earn a bonus:

    Rights to Receive a Bonus

    1. Contractual Agreement: If your employment contract specifies that you are entitled to a bonus, then your employer is obligated to pay it as per the terms of the contract.
    2. Company Policy: Some companies have policies that outline the conditions under which bonuses are paid. These policies must be followed by the employer.
    3. Bargaining Council Agreements: In certain industries, bargaining council agreements may include provisions for bonuses. Employers must adhere to these agreements.
    4. Custom and Practice: If bonuses have been consistently paid over the years, employees may develop a reasonable expectation of receiving them. This can sometimes be considered a term of employment.

    How to Get Yourself in a Position to Earn a Bonus…

    1. Understand the Criteria: Familiarize yourself with the criteria for earning a bonus at your company. This could be based on individual performance, company performance, or meeting specific targets.
    2. Exceed Expectations: Consistently perform above and beyond your job requirements. Demonstrating exceptional performance can increase your chances of receiving a bonus.
    3. Communicate with Your Employer: Have open discussions with your employer about your performance and the possibility of earning a bonus. Express your interest and ask for feedback on how you can improve.
    4. Document Your Achievements: Keep a record of your accomplishments and contributions to the company. This can be useful when discussing bonuses with your employer.
    5. Be a Team Player: Contributing positively to your team and the overall company culture can also be a factor in earning a bonus.
    6. Stay Informed: Keep yourself updated on any changes in company policies or industry agreements that may affect bonus payments.
Viewing 1 post (of 1 total)
Reply To: Am I entitled to a Christmas Bonus
Your information:


Follow by Email
Facebook
Facebook