Bonus is the extra payment that is received as a reward for performing well in the organization. The bonus mostly comes along with the salary of the employee. It is a gesture of appreciation from the employer towards the employee for his/her performance.
Bonuses are given globally in most organizations. It is not only given to the employees for the job performed well but also to keep them satisfied and motivated. These are given during the festivals such as Diwali, Christmas, etc. The bonus depends on the company policies and is distributed according to the profitability of the organization.
There are various types of bonuses that organizations provide to keep their employees motivated. Below are a few:
In this article, we will discuss what a festival bonus letter is, how to write this letter, the format, and examples for your reference. Read further to explore.
If an employee is working in an organization, and the organization is running in good profits and its festival time. In this time, organizations want to give their employees additional pay along with the current salary to meet the future extra expenses for the upcoming festival. This is known as a festival bonus.
A festival bonus letter is issued by the employer to announce these kinds of bonuses to the employees.
So, how is a festival bonus letter written? Let’s have a look.
Writing a Festival Bonus letter is one of the best ways to announce the festival bonuses to the employees. Writing these letters will motivate the employees considerably. You should start your letter by appreciating the employees for their hard work and the success the company has achieved through their efforts.
Once you are done with appreciation, formally announce the bonus that the employees will get and also include a sentence of greetings for the upcoming festival. The bonus that the organization pays may differ depending on the performance of the individual and can be quarterly or half-yearly.
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Bonuses keep employees motivated for their work. Get the customized and effective bonus letter templates from India’s leading HRMS Software. UBS HRMS software offers you an all-in-one HR documents hence, you can get readymade festival bonus letter templates and other HR letter templates. This software will help all create and manage all your HR documents efficiently.