Measure different Key Performance Indicators for each employee
The KPI excel template is designed to help you manage your bonus program by measuring each employee’s performance, guided by each employee’s key performance indicators (KPIs), while making sure that everyone within the organization is focused on achieving the company’s top priorities and goals.
This is a simple and easy to use template where you can list up to 20 employees and manage their individual bonuses based on their performance for the bonus period.
How it works ~
Set your metrics to measure employee performance and determine who will share the bonus pool for the period.
The Employee Tabs – each of your employee will have a tab where you can set up your metrics and KPIs and indicate each weigh on getting the employee’s payout. You can enter your own percentages including the amount for Target and actual scores.
The Employee Name and the Bonus pool on this tab will be populated from the information you entered in the Summary Tab.
The main Summary Tab is where you can enter your bonus pool and see how much each employee will get based on the computations on each of the individual employee tab:
Select the eligibility for a specific employee, when you start working on this template or as you go along and the total number of employees who will share the bonus pool will change accordingly:
You will get a second template, that will include a portion in the summary tab where you can add your own pay grades/salary bands and use it to determine the actual payout per employee based on their role in the company:
You will receive an Excel spreadsheet, along with PDF directions on how to use the template, via email.
Each purchase will come personalized with the company name of your choice. All templates are to be used by the company bought for only and are not to be distributed outside the organization.
Custom Changes – I would love to help customize a spreadsheet for your specific situation! My background is in Compensation/HR. I earned the CCP (certified compensation professional) in 2014 and PHR in 2004. I have 10+ years experience working in a Compensation Analyst role at several large companies.
To see more HR and compensation related templates, click here.