Requesting a bonus or other type of lump sum payment is now initiated from within Workday. Managers and Department Admins can initiate the most common types of One-Time Payments (OTPs), such as Performance Bonuses, Spot Award, Recognition Awards, or Student Bonuses, by .
Policy
A bonus is an additional lump-sum form of compensation awarded to status and adjunct employees to recognize contribution and extraordinary effort, attainment of skills, or receipt of a distinguished award.
Bonuses are comprised of four types: Performance Bonuses, Spot Awards, Recognition Awards, and Incentive Payouts. Only performance bonuses and incentive payouts are benefit-eligible pay (i.e., retirement contributions are deducted).
