Lõpplisarvile

Lõpplisarvile is an Estonian term that can be translated as "end-of-year bonus" or "year-end bonus". It refers to an additional payment given to employees at the end of the financial or calendar year, typically in addition to their regular salary. The purpose of lõpplisarvile is often to reward employees for their hard work and contributions throughout the year, to boost morale, or as a form of profit-sharing.

The eligibility and amount of lõpplisarvile can vary significantly between companies. Some organizations may tie the bonus to individual performance, team achievements, or the overall profitability of the company. Others might offer a fixed amount or a percentage of the employee's annual salary. Company policies and employment contracts usually outline the specific conditions for receiving this bonus.

The payment of lõpplisarvile is generally discretionary, meaning employers are not legally obligated to provide it unless stipulated in an employment agreement or a collective bargaining agreement. However, it has become a common practice in many Estonian businesses as a way to show appreciation for employee dedication and to remain competitive in attracting and retaining talent. The tax implications for both the employer and the employee are typically handled according to Estonian labor and tax laws.