Bonus Calculation Settings

For bonus to be calculated, the following prerequisites must be met:

• The Calculate Bonus check box must be selected when starting a review round
• Job grades must be created under Compensation > Ranges and Grades or using the Compensation Settings section in Settings > Settings and Configuration.
• Bonus calculation rules must be created for job grades under Settings > Settings and Configuration > Compensation > Bonuses > Bonus Calculation Rules or Compensation > Ranges and Grades > Grades. Bonus calculation rules define the target bonus percent (percent of the base salary employee will get in case of the good performance) and the maximum bonus percent that the employee will get in case of the outstanding performance. The rules are set up for the job grades.