Creating a Spot Bonus Stipend (Company Administrators)
Spot Bonus Stipends should be created when you would like to provide funds to employees manually as needed.
Follow the below steps to Create a Spot Bonus Stipend:
- Click the Stipends Tab and Create a Spot Bonus Stipend
- Name your stipend
- Add a description
- Select the appropriate option for a Default Expiration date. When would you like the funds to expire for this specific stipend? If necessary, this can be changed when issuing the spot bonus to an employee.
- Select the Perk Categories you would like to be eligible for the stipend.
- Click Save Draft
- When your draft is finalized and ready to launch, click Schedule Launch and select the appropriate date before clicking Confirm Launch button.
- Give a spot bonus by going to the Team page.