According to a recent survey, bonus programs are becoming more in demand in organizations. More and more companies incorporate bonus and incentive schemes to make sure they have the talent in order to grow their business. Here are the three types of bonus programs that are currently on the rise.

1.       Spot bonuses- bonuses that are given on the spot to reward accomplishments.

2.       Referral bonuses- bonuses that are offered to employees who have referred job candidates who get hired.

3.       Signing bonuses- bonuses offered to newly hired employees.

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