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A Performance-Based Bonus Plan is quite simple to understand. It is a compensation given to a team member for outstanding Performance.
Let us illustrate it with an example;
Mr. William Bell, CEO of XYZ Tech company, decided to introduce a Performance-Based Bonus Plan to his employees. The objective was to increase their sales. So, an employee achieving their quarterly target was awarded an extra incentive of $5000. Shortly after, the company saw a 50% increase in sales. Mr. Bell was pleased with the result, and so were the employees.
Therefore, a Performance Bonus Plan brings out the best in employees. It is a trend that bosses genuinely appreciate and are more than willing to reward high-quality and profit-generating work performance.
You may wonder if such an outcome is possible. Research and surveys by internationally renowned institutions indicate that performance-based bonuses improve employee engagement and impact performance.
It is crucial to make a professional PowerPoint Presentation to underscore the importance of Performance-Based Compensation and furnish accurate statistics on its advantages.
This article will highlight the top 10 Performance-Based Bonus Plan Templates with examples and samples.
You can use them to portray the significant reasons for rolling out performance bonuses to employees and the aspects that need to be considered.
If you are looking for PPT templates on incentives given to employees, please read our blog on the Top 5 Employee Incentive Plan.
Performance-Based Bonus - Types and Categories
Performance Based Bonuses are given to an employee individually or rewarded as a team.Â
Here are some of the types of Performance Based Bonuses provided by companies:
Bonus On Achieving Targets
As the name suggests, a goal-based bonus is awarded to employees who achieve their targets. Companies can differ the period according to their preference.
Individual Commissions for Achieving Sales Margin
Commissions are a percentage of bonus fixed on the number of sales completed within a period. They are popular among sales departments.
Attendance Bonus
Employees who are consistent with the workplace are awarded this bonus as a token of appreciation from the management team and promote regularity at work.
Team Bonus
Today, most departments work as a team. A team bonus is a great way to instil motivation in them. Teams and departments that achieve their due targets are awarded team bonuses.
Spot Bonus
Spot Bonus is a one-time bonus only given to individuals who have achieved a notable accomplishment. For example, if an employee receives exceptional appreciation from a customer, which has helped promote the company in a big way, then they would be eligible to receive a Spot Bonus.
Let us explore the top 10 Performance Based Bonus Plan Templates with Samples and Examples:
Template 1 - Performance Bonus PowerPoint PPT Template Bundles
Have you ever wondered about the science behind the positive outcome of Performance Bonus Payouts? For a Performance-based Bonus strategy to work, it needs a well-defined goal and fair criteria. Our slides illustrate the need for performance bonuses in an organization and define the steps to roll out a well-designed bonus system. The templates are uniquely designed and incorporate crucial information on "Corporate Bonus Payout," "Comparative Analysis of Bonus Structures of Other Competitors," "Incentive scheme chart," etc. Download our slides today to effectively communicate a strategic need for a performance-based Bonus that helps keep employees happy and engaged.
Template 2 - Corporate Bonus Payouts and Performance Incentives Dashboard
Corporate Bonus Payouts and Performance Incentives are a great way to boost employee morale. On a general scale, bonuses are awarded to exceptionally talented individuals who have brought much business into the company. However, employers believe that bonus payouts based on each employee's performance level are linked to employees performing to their maximum. Our slide offers clarity on an organization's performance bonus payout. The graph depicts the total monthly payout, eligible employees, and the analysis of target achievement. Download our slides for a thorough analysis of the Performance incentive % allocation.
Template 3 -Comparative Analysis of Bonuses and Performance-Linked Incentives of Different Companies
Are you an organization on the brink of deciding the percentage of bonuses and Performance-linked incentives? The first question that comes to mind is the percentage of bonuses allocated each year. Yet another question is whether there is a difference in employee behavior and whether bonuses affect employee behavior. Our slides on the comparative analysis of Bonuses and Performance incentives of different companies would provide real-world examples and an opportunity to explore various incentive schemes. The graphical representation gives an overview of "Salary Hike," "Performance Bonus," and "Data Count" against Companies A, B, and C. Download our slides to communicate the advantages of Bonus and Performance Linked incentives effectively.
Template 4 - Weekly Performance Bonus Ceiling Chart
The "Sales Team" in an organization has immense responsibility. They are the department that brings business into the company. Moreover, they gain customer insights on the product or service and ensure they stay in business. It is, therefore, crucial to keep the sales team motivated at all times. Research has proven that weekly bonus payouts are comparatively better than monthly bonuses. Our slide on the weekly bonus ceiling chart gives an outlook on the bonus ceiling and the percentage of performance bonuses for the sales team. Download our slides to understand the weekly bonus limit per employee performance level.
Template 5 - Sales Compensation Plan with Performance-Based Bonus and Variable Pay
A Sales Compensation Plan is an excellent, motivating strategy for sales professionals. It boosts their morale and helps them gain confidence in their ability to achieve targets. Most organizations believe a sales compensation plan aims to drive sales, meet business objectives, and attract and retain top talent. Our slides illustrate the sales compensation plan for all sales department levels, from the junior sales Development Representative to the Sr. Account Executive. Using our template, you can clarify Base Pay, Variable Pay, and Target Earnings. Download our slides to demonstrate that you offer a fair and equitable sales compensation plan to all employees in the organization.
Template 6 - Corporate Performance Bonus Trends and Sentiments
While deciding on a new employee bonus structure, top organizations look for trends and sentiments among the firm's employees. One key characteristic of a Corporate Performance Bonus is that it is specific and goal-oriented. Further, it is mainly linked to performance standards. Our slide provides statistics on the bonuses linked to various companies. It highlights critical sentiments such as fair pay structure, transparency, etc. Download our slides and identify top employee sentiments to develop a successful corporate bonus plan structure for your organization.Â
Template 7 -Performance Incentive Bonus Distribution Plan for Different Positions
Performance Incentives are incentive rewards offered to employees who are directly responsible for overall growth and revenue contribution to the company. While it is necessary to complete a project as a team, it is crucial to understand that if there is an exceptional personal contributor, they need to be recognized. Our slides showcase incentive bonus distribution for different positions. It indicates the percentage of bonus allowed for all levels such as Jr. Project Manager, Sr. Project Manager, CEO, and Directors. Download our slide to analyze the project contribution percentage and bonus amount rolled out at the end of each project.
Template 8 -Employee Performance-Based Compensation Pay Plan
When employees are incentivized over and above their regular salary package, they have earned Performance-Based Compensation. In other words, due to their exceptional performance in the last financial year, the company has rewarded their efforts by compensating them with a "Performance Bonus." Our slides give data on each employee's work timings: time worked, performance appraisal evaluation, manager's performance, and incentive compensation payout. Download our slides to highlight and recognize high-quality employees in your organization.
Template 9 - Action Plan to Improve Strategies to Enhance Employee Engagement in The Company
It is simple logic to understand that engaged and motivated employees distinctively have better work performance and greater job satisfaction! However, it is vital to showcase different strategies and their response to the Human resources team finalizing the improvement plan to increase employee engagement. Our slides clarify the various types of bonuses rewarded to employees and their overall positive outcomes. Download our slides to decide the best employee enhancement strategy to boost your company's productivity.
Template 10 - Running A Rewards and Recognition Program New Hire Onboarding and Orientation Plan
Employers keen to offer a positive and effective onboarding journey for new hires constantly seek ways to create programs to influence their perception of the organization. One of the most successful methods is to run rewards and recognition programs for new employees. Data shows that a formal onboarding experience enhances employee productivity and job satisfaction. Our slides highlight the various types of reward programs introduced in an organization. It further signifies each recognition program's criteria, purpose, frequency, and responsible party. Download our slides to provide the best reward and recognition programs that boost employee morale and work commitment.
Takeaway
Performance-based bonuses are a great way to recognize the highest-performing employees in the company. Further, it is a remarkable method to felicitate outstanding employees. When employees are compensated monetary-wise, they are happy and satisfied. Slideteam's Top 10 Performance-Based Bonus Plan Templates showcase the need for incentive and bonus structures in an organization. It highlights the critical factors involved in implementing Performance Bases Bonus Plans that are advantageous to the company and its employees. Download our templates to present high-quality PPTs to help determine areas of improvement, enhance employee retention, and improve recruitment strategies.Â
To learn more about incentive chart templates, please read our blog on the Top 7 Incentive Chart Template.
