What Is the Bonus-Malus System?

The reward system is also known as the "bonus system". The criteria that define the division of reward authority, reward forms, reward standards, and bonus sources are an integral part of the wage system. The range of bonuses currently implemented in China is: (1) Production (business) awards. Including over-production award, quality award, safety (no accident) award, comprehensive award for assessing various economic indicators, early completion award, foreign ship speed dispatch award, year-end award (labor dividend), etc .; (2) economy award. Including various power, fuel, raw materials and other savings awards. (3) Labor competition award. Including various bonuses and in-kind rewards for model workers and advanced individuals. Other bonuses. This includes bonuses paid from part-time gratuities and income from amateur medical and health services. ^[1]