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The bonus system can be calculated using several mechanisms. Firstly, it can be a percentage of the basic salary, or alternatively, a percentage of other metrics such as sales or profit. Another method is a fixed lump sum, which is predetermined and unrelated to performance. A popular approach is offering bonuses equivalent to a certain number of monthly salaries, commonly provided at the end of the year. Additionally, bonuses can be tied to specific Key Performance Indicators (KPIs), especially in sales-focused roles where employees may receive bonuses based on the percentage of sales generated or other financial metrics. Overall, these mechanisms provide various ways to incentivize and reward employee performance.
