You can employ a bonus letter template to formally recognize and reward an employee's outstanding performance or the achievement of specific, measurable goals. You can use bonus letters to inform team members of bonuses for individual achievement or companywide bonuses that go out to the entire staff.This document enables you to plan for the payments of an annual bonus. This employee bonus policy template is ready to be tailored to your company's needs and can be a starting point for setting up your employment policies. Get the bonus letter template in the next section, courtesy of our HRMS software. A Bonus Award Letter to Employee Format For You. This fact sheet provides general information regarding bonuses and the regular rate of pay under the FLSA for non-exempt employees. For example, we may pay a bonus to reward an employee who showed exemplary performance at a particular time. Information for Verifiers The State of Arizona uses "The Work Number" to provide automated employment and income verification for our employees. A bonus plan is an agreement between the employer and employee to pay out a predetermined amount of money based on performance.
