Awarding a Bonus to an Employee

To award a bonus to an employee:

1. Go to Lists > Employees > Employees.

2. Click an employee.

3. Click the Compensation Tracking subtab.

4. Click Award Bonus.

5. From the Bonus Type list, select a bonus type.

   Note:

   To pay the bonus using SuitePeople U.S. Payroll, select a bonus type that is associated with a payroll item. For more information, see Creating Bonus Types.

6. Enter the bonus amount either as a Percentage of the employee’s base wage or as a specific Amount.

   The currency is set to the employee’s current compensation currency. The percentage is based on the employee’s current base wage. If the employee’s base wage changes before the award date, the bonus amount does not change.

   Note:

   If the employee’s base wage type is hourly, the Percentage option is not available.

7. In the Award Date field, enter the date when the employee should receive the bonus.

   If you are using SuitePeople U.S. Payroll to pay this bonus, the bonus is included on a payroll batch when the award date is within the payroll batch’s pay period.

   Note:

   If an employee is terminated before than the award date, the bonus is not included in the corresponding payroll batch, even if other payments are made to the employee.

8. If applicable, from the Payment Status list, select a payment status that applies to the bonus:

   • None – This is the default status. Use this status if you do not track payment statuses.

   • Ready to Pay – You are ready to pay this bonus to the employee.

   • Processing Payment – Your payroll system is processing the bonus payment.

   • Paid – The employee has received the bonus payment.

   • Canceled – The bonus has been canceled and will not be paid.

   Payment statuses are not available for bonuses that will be paid with SuitePeople U.S. Payroll.

9. To include additional relevant information about the employee’s bonus, enter comments in the Comments field.

10. Click Save.

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