Finance

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…

Is the 13th Month Really a Bonus? The 13th month pay is a mandatory benefit in many countries, often misunderstood as a bonus. Unlike discretionary bonuses, it is a statutory…

13th month pay is a mandatory benefit provided to employees in various countries, designed to offer additional financial support at the end of the year. Eligibility for 13th month pay…

Earning 20,000 dirhams in Dubai can be achieved through various avenues, depending on your skills, experience, and industry. Whether you’re considering traditional employment, freelancing, or entrepreneurship, Dubai offers diverse opportunities….