Year-end bonuses for UAE employees

The Santa at office may be deciding who will get what by the end of this year but good news may be awaiting most employees in the UAE.

Year-end bonuses may be on your way as companies take stock of their businesses, and for the majority of the workforce 2012 should mark a sweeter ending than the year before.

There is no hard and fast rule when it comes to doling out bonuses as the amount maybe tied to performance metrics, seniority of the individual and can vary depending on the milestones met by the company.

But cheer on as many who didn’t get it last year can expect now and those who did manage being rewarded in 2011 may see bigger amounts being transferred to their bank accounts this time.

Economy is in a much better shape and businesses are doing better with higher confidence levels.

“Most companies decide on bonuses by the end of the year and it is paid either with January or February salary,” said the HR manager of a local company in Dubai.