Match the following according to the types of bonus : (a) Attendance bonus paid over an unbroken series…
An attendance bonus paid continuously over an unbroken series of years ripens into a Customary Bonus ((a)-iii). A biannual payment of a month's salary that becomes an…
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Match the following according to the types of bonus :
(a) Attendance bonus paid over an unbroken series of years. i. Pooja Bonus
(b) Biannual payment of a Month’s salary for a long time which has become an implied condition of service.
ii. Profit- based Bonus
(c) Payment of a lump sum amount during Pooja time.
iii. Custo- mary Bonus
(d) An amount paid being linked with dividend
iv. Contra- ctual Bonus
Answer and explanation
Correct answer B
An attendance bonus paid continuously over an unbroken series of years ripens into a Customary Bonus ((a)-iii). A biannual payment of a month's salary that becomes an implied term of the employment contract is a Contractual Bonus ((b)-iv), a lump-sum festival disbursement during Pooja is a Pooja Bonus ((c)-i), and a bonus linked to corporate dividend or profits is a Profit-based Bonus ((d)-ii).
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UGC NET HRM / Labour Welfare and Industrial Relations