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How are incentive policies regulated in labor laws?

Ask:

The director of my company promised that in 2021, if all the targets are completed ahead of time to celebrate the 10th anniversary of the company’s establishment, all employees will be rewarded. Normally, in previous years, we often received a bonus, however, many people still expect to receive a bonus in other forms such as in kind or a trip for the whole company. I would like to ask, does the labor law have new regulations on bonuses?

Reply:

Article 104 of the 2019 Labor Code stipulates, Bonus is the amount of money or property or in other forms that the employer rewards to the employee based on the production and business results, the level of completion. workers’ work. This is a new point compared to the 2012 Labor Code, which previously only regulated “bonuses”. The bonus regulations are decided by the employer and publicly announced at the workplace after consulting with the representative organization of employees at the establishment for the place where the representative organization of employees at the workplace is located. department.

Thus, you can propose your opinion on the bonus policy to the company’s director through the employee representative organization at the grassroots to be agreed before making a decision.

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