Question

Alan works as a news anchor for a television network. In addition to his regular pay, at the end of each year, his company pays him and his co-workers additional compensation as a "thank you" for good work. This monetary reward would most likely be categorized as a

Answer 1

Benefit

Step-by-step explanation:

Benefit is extra payment that an employee collects from an employer. It is paid in addition to the normal compensation that a person receives and serves as a way to improve their welfare and to motivate them to perform better.

Usually benefits are not performance based payment but based on membership of an organisation. They are usually paid seperate from normal compensation.

In this case Alan's company pays him and his co-workers additional compensation as a "thank you" for good work. This is a benefit.

Answer 2

Answer: Benefit

Step-by-step explanation:

A Benefit is a type of monetary reward that a company may see fit to pay its employees for a good performance during the year and to sometimes express gratitude and appreciation for the hard work done in a period.

The Benefit will act as an incentive to keep the employees more motivated as they will feel appreciated. One of the most common examples of bonuses would be the Christmas/holiday bonus which is likely what Alan and his co-workers receive every end of year.