Employee Annual Bonus Planner Excel Template
READ BEFORE !!
Plan and calculate employee bonuses with our simple Annual Bonus planner template.
Get the Excel file, and with simple data inputs, get the bonuses calculated for all employees.
With minimal time spent on data entry get the most out of this bonus planner with an interactive dashboard to aid in informed decision making.
This template supports the most commonly used method of calculating the employee bonus: based on the employee, department and organization’s performance.
The input to this excel template requires you to enter primary employee settings details and the performance setting which are the bonus weightage per grade defined as per your organization’s requirements.
Based on the above details, view the detailed statement on the bonus calculations per employee based on the different weighing factors and their individual achievements.
Features of Employee Bonus Plan Template
This simple yet effective excel template comes with a whole lot of amazing features:
- Simple data entry process Single Microsoft Excel file for all employee data entries for one review period.
- Customize settings based on organizational standards
- Customize the bonus payouts based on employee grades.
- Customize the weightages for each grades by individual performance and of the department and organizations’ performance.
- Practical Features All the components of the bonuses along with the overall bonus payout per employee, are automatically calculated.
- Dashboard view with bonus details based on Grades, performance for reporting.
- Ease of Use One time settings for employee and performance settings.
- All employee data in a single excel sheet file for one review period.
- Re-use a copy of the same file for different review periods.
- Automated Calculations Fully automated bonus calculations and interactive dashboard.