We have created a letter template confirming a bonus payment that you can download and adapt to suit your company’s needs.
Performance-related pay (PRP) is a way to pay employees for work without paying a basic rate, or it is a financial reward that’s given in addition to a basic rate or annual salary. PRP can be paid in the form of bonuses or commission. These are payments in addition to a basic rate or salary. They are paid if the employee or the organisation as a whole hits certain targets set out by the employer.