This is a bonus plan system document and it includes everything you need to develop and adminster a bonus plan for your small business. It is a 5 page word document, containing, 1505 words.
The premise of this bonus plan is simple. Employees are given a bonus pot, which is a % of their salary. This bonus pot is combined with a Company Performance Factor (CPF), Individual Performance Factor (IPF), and Team Performance Factor (TPF) to determine the actual bonus award that will be paid, according to the formula shown below.