HR Glossary

What is Annual Bonus?

A year-end lump-sum payment to employees based on a combination of individual performance, team results, and overall company financial performance during the fiscal year.

Why it matters in hiring

Annual Bonus comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.

Related terms starting with A

• Allyship
• Alumni Network
• Americans with Disabilities Act (ADA)
• Anchoring Bias
• Annual Leave - Statutory
• Annual Leave (Singapore)
• Annual Leave - 30 Days (UAE)
• Annual Leave - 20 Days Minimum

Part of the springhire HR glossary, 1,150+ HR, payroll and recruiting terms defined. Free, no signup.