What's the difference between bonus and perk?

Bonus


Definition:

  • (n.) A premium given for a loan, or for a charter or other privilege granted to a company; as the bank paid a bonus for its charter.
  • (n.) An extra dividend to the shareholders of a joint stock company, out of accumulated profits.
  • (n.) Money paid in addition to a stated compensation.

Example Sentences:

  • (1) The Treasury said: "Britain has been at the forefront of global reforms to make banking more responsible, including big reductions in upfront cash bonuses and linking rewards to long-term success.
  • (2) It takes more than a statistical read out and the return of big bank bonuses for a real recovery," he said.
  • (3) But it has already attracted attention for paying some deferred bonuses early in the US to avoid a hike in tax rates.
  • (4) And he failed to engage with these sensible proposals to limit bonuses to a maximum of a year's salary or double that if explicitly backed by shareholders - proposals which even his own MEPs have backed – until the very last minute.
  • (5) Lord Mandelson told bankers today that the one-off tax that will be imposed on their bonuses in today's pre-budget report was not designed to "teach them a lesson".
  • (6) If a bank does not meet the commitment, its chief executive and senior managers responsible for business lending will not receive the maximum pay and bonus as a result."
  • (7) The commission heard that the bonus culture had grown from the 1980s and that professionalism had been lost from the industry.
  • (8) An added bonus: With acceptance comes team building.
  • (9) It is the bonus culture – not high pay, recklessness or incompetence – that has polluted banking's public image.
  • (10) Excellent question -- is the absence of a bonus for M&S's 80,000+ staff a "failure of leadership"?
  • (11) In 2007, his £450,000 LTIP, combined with basic salary and bonus, left him £1.2m better off - and with nearly double the then salary of the BBC's director general, Mark Thompson.
  • (12) Until the October 2008 banking crisis there were no restrictions on the way bankers were paid, but rules were devised to try to link payouts to performance when it emerged that banks would still pay bonuses despite receiving taxpayer bailouts.
  • (13) The key point is that the G20 principles do not place any cap on the size of bonuses.
  • (14) Belinda Lester, from the employment law firm CKFT, agreed: "If they have a bad year, it's very difficult to cut back salaries"; the second big plus from the bank's point of view is "if a significant part of your remuneration is a bonus, these contracts will make it very clear that bonus is only payable if you're not leaving.
  • (15) The staff bonus pool at J Sainsbury has fallen by a quarter, despite the supermarket chain posting higher sales and profits for the last financial year.
  • (16) The chief executive has already waived his bonus for 2012 following the furore surrounding the £1m he was to be handed for 2011 before the political outcry forced him to hand it back.
  • (17) Just a few days before its annual results, the bank is ready to tell staff how much they will be getting and outline new payments to top staff who will be affected by the EU's bonus cap.
  • (18) Griffith earned £1.05m, including a bonus of £548,500, worth 113% of his salary and just short of the 125% maximum.
  • (19) HSBC and Standard Chartered, two UK-based banks who often manage to avoid the bonus spotlight, will also feel the heat after paying out millions to US regulators for breaches of the rules.
  • (20) Yet bank bonuses soared in April as payments were delayed so the highest paid could benefit from this government's top rate tax cut.

Perk


Definition:

  • (v. t.) To make trim or smart; to straighten up; to erect; to make a jaunty or saucy display of; as, to perk the ears; to perk up one's head.
  • (v. i.) To exalt one's self; to bear one's self loftily.
  • (a.) Smart; trim; spruce; jaunty; vain.
  • (v. i.) To peer; to look inquisitively.

Example Sentences:

  • (1) Furthermore, between matches, players can test all their new perks and weapons via an easily accessible firing range – instead of having to try them out in a match.
  • (2) He had earlier seen little support for his push to cut EU pay and perks.
  • (3) A number of companies, including B&Q, Tesco and Morrisons have raised basic pay only to cut perks and premium payments for weekend, holiday or late working.
  • (4) The company previously attracted heavy criticism with plans to eliminate the morning perk of free tea and toast handed out to staff across 230 stores.
  • (5) We’re not asking for perks, just for recognition on how hard we really do work, and not taking a pay cut is part of this.
  • (6) July 8, 2014 Richard Perks (@RichardP_Mintel) Has M&S been switching space from furniture to clothing to make the clothing figures look better?
  • (7) However, BA believes it has tempered willingness to strike by the threat to withdraw travel perks and by running a robust contingency schedule during 22 days for strikes during March, May and June.
  • (8) VIPs, VVIPs or even VVVIPs – almost all government officials – can receive perks ranging from free housing in listed villas with staff paid by the government, bodyguards who act as personal assistants, free flights, unobstructed passage through airports or train stations as well as a significant degree of de facto legal impunity.
  • (9) Yet, the current proposal appears aimed at ludicrously legislating the economic cycle and creating ever higher fixed salaries and perks for those leading the largest banks.
  • (10) BA has offered to reinstate staff travel perks but without the seniority clauses that give long-serving cabin crew priority over junior colleagues.
  • (11) The authors previously reported morning-to-evening changes in ophthalmic measurements at 3 months and at 1-year after radial keratotomy in a self-selected group of patients in the Prospective Evaluation of Radial Keratotomy (PERK) study.
  • (12) They did, however, let the dog diner sit on the banquette to eat his lunch – quite possibly a first – and swiftly perked up when the owner came out to greet him.
  • (13) There are 30 new weapons, including a new class of marksman rifles; Perks now have a points system, allowing you to buy several weaker options or opt for one or two really meaty specials.
  • (14) She apparently thought she could “conscientiously object” and keep the perks of the job she conscientiously objects to performing at the same time.
  • (15) Always a good cook, she had a Damascene moment one day when, looking for a way to perk up a slightly flat pasta dish, she gave it a squeeze of lemon.
  • (16) Should pensioners forfeit perks or Labour impose a higher corporation tax?
  • (17) More highly myopic patients in the PERK population (-4.50 to -8.00 diopters [D]) demonstrated corneas that are 0.08 to 0.10 mm steeper than the less myopic population (-2.00 to -3.12 D).
  • (18) A proposed deal was reached in May, but one which included sanctions against crew who had been on strike and deprived low-paid staff of travel perks.
  • (19) These days the Radiohead frontman tries to calm himself down – and perk up his spirits – with yoga and meditation.
  • (20) The business's values, which include "putting the happiness of partners at the centre of everything we do", have not always been fashionable but the formula of rewarding staff – on top of the bonus staff will receive discounts and perks ranging from subsidised holidays to sailing clubs and theatre outings worth £120m this year – went from strength to strength during the recession.