Determine bonus distribution based on company and contributor performance. By Tolga Dizmen.
This performance-based bonus model is designed to reward employees for achieving specific performance goals or metrics creating engagement and promoting transparency.
The model is built around key performance indicators (KPIs) that are divided into two categories: Organization KPIs and Core Contributor KPIs. Each category has an assigned maximum point value to signify their importance. The template is highly customizable, allowing companies to adjust inputs and allocate points according to their unique structures and objectives.
With this performance-based bonus model, businesses can align their employees' efforts with organizational goals and drive enhanced performance, ultimately leading to success and growth in their respective industries.
Tolga Dizmen is a Fractional Operations & Strategy Executive. He collaborates with startups and small businesses to strengthen their foundations for scalable growth. He focuses on enhancing productivity, efficient operations management, fostering team collaboration, and utilizing data storytelling techniques. He writes about these areas through his newsletter, The Agile Fractional.
Read about Tolga's journey from spreadsheets to interactive narratives to make complex topics collaborative, fun and engaging.