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Performance based Bonus implementation

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edited May 19, 2017 8:36PM in Performance Management 2 comments

Summary

Looking for contacts who've implemented bonus payouts based on achievement of goals/performance

Content

Hello,

We have Goals (performance & org), Performance & Compensation all implemented globally.  We are looking for resources (contacts or documentation) to guide us on the best practices around implementing performance based ‘bonus plans’.  We would like a subset of our  employees to be able to enter specific weighted goals and subsequently completion %’s/results, and then perform some formulaic calculations on this data to determine bonus payouts.  Curious if folks use Goals and then perform the calculations in Performance, and/or Compensation, or via any other configuration options.  Any advice to point us in the right direction would be greatly appreciated.

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