do I have a liability if I verbally informed my employees that I will pay...
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Accounting
do I have a liability if I verbally informed my employees that I will pay them an extra R10 000(bonus) in 30 days' time for work they have completed? Even though despite making this announcement, I have not signed a contract to make this bonus payment. I am also not legally required to pay the bonus, but on the other hand, my employees will most likely resign if I do not keep my word and pay the bonus.
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You can see the logs in the Dashboard.