When a financial analyst changed jobs, he left behind $120,000 in bonuses. The bonus plan paid benefits in quarterly installments but was contingent on continued employment with the company. A New York court rejected the employee's argument that the bonus equaled wages to which he was entitled. (Truelove v. Northeast Capital & Advisory Inc., No. 99, N.Y. CA, 2000) Check your state law carefully when developing bonus plans, because they vary as to what types of pay are protected. Also, under federal law some types of bonuses can affect overtime pay.
Like what you've read? ...Republish it and share great business tips!
Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...
We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.
The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.
" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/21403/craft-bonuses-carefully "