Pay for performance
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Examine data on spreadsheet
Reflect on data and determine:
What is the dollar amount of the total merit pool for this incentive bonus?
Who should receive incentive bonuses and why?
How much should each qualifying individual receive? (display percentages and dollar amount)
What are the current compa-ratios for each individual? Why does this matter?
Copy data sheet and add additional columns:
Compa-ratio
% increase
$ increase
New Salaries
Generate Word doc “memos” to each of your employees – NOT to your manager justifying your decision.
If he/she received a bonus, explain why
If he/she did not receive a bonus, explain why and explain how you will help them improve to be a part of next year’s bonus program
Use their scores and go over strengths / weaknesses
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