Career

Do you get paid for 13 months? The concept of a 13th-month pay is a common practice in several countries, where employees receive an extra month’s salary at the end…

Is 13th month pay the same as a Christmas bonus? While both are forms of year-end compensation, they differ in purpose and implementation. The 13th month pay is a mandatory…

Who is entitled to a bonus? Bonuses are typically awarded to employees based on performance, company profits, or contractual agreements. Factors such as job role, tenure, and company policy often…

To qualify for a bonus, you typically need to meet specific performance criteria set by your employer. These criteria often include achieving sales targets, completing projects on time, or exceeding…

A year-end bonus is a financial reward given to employees at the end of the fiscal or calendar year. Typically, it serves as an incentive for meeting company goals or…

Yearly bonuses are a common incentive offered by companies to reward employees for their performance and contributions. Eligibility for these bonuses typically depends on several factors, including job role, performance…

Why is my salary divided by 13? In countries like Belgium and Luxembourg, the practice of dividing an annual salary by 13 is common, as it includes a 13th-month salary….

What is the 13th Month Concept? The 13th month concept refers to an additional monthly salary payment given to employees, typically at the end of the year, as a bonus…

How does a 13-month work year function? A 13-month work year is a system some organizations use to distribute salaries over 13 months instead of the traditional 12. This approach…

How is 13th Month Pay Different from a Bonus? The 13th month pay and a bonus are both forms of additional compensation, but they serve different purposes and are structured…