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One of the challenges of offering an attendance bonus is to ensure that attendance is recorded accurately. Instances of time theft, such as buddy punching, can result in ineligible workers getting attendance bonuses.
While structuring a bonus system, it is crucial to understand the various types of bonuses available. Each bonus serves a unique purpose depending on the organizational goals and employee needs. Here are some of the most common types of bonuses used in companies:
Big wins
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