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HR - Annual Performance Bonus Guidelines
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Price: $5.99
At A Glance
This Word document is a template for an annual performance-based bonus program, and includes individual as well as corporate criteria for bonus payout.
Background
Developing and using a variable compensation program for the majority of employees is essential to motivating your workforce as well as managing your company's fixed costs. This tool is an example of a bonus program using individual, functional, and corporate objectives to determine the bonus payout.
Benefits
Using this tool, you will be able to design a company-specific performance-based bonus program. The key to any successful program is to ensure goals and objectives are perceived fair, the milestones are achievable but are 'stretch' goals, and there is a strong link between individual, functional, and overall corporate goals.
Time ROI
It takes on average 8 hours to develop Annual Performance Bonus Guidelines. By using MyWorkTools.com, you will save approximately 7 hours researching good program design criteria, and will only need to modify the document with company-specific information.

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