performance based bonus system
Your staff will simply give themselves a raise.
How is a bonus calculated
We’ve made it as easy and customizable as you need it to be.
Staff Bonus Calculator™
It’s so simple to use. At the beginning of each month, use the Staff Bonus Calculator™ to create the Bonus Report you would include with your employee’s paycheck. The Bonus Report lets them know the amount they will earn this month. Last month’s collections will affect this month’s bonus pay!
The more you collect, the bigger their bonus. And if collections go down, their bonus goes down. They will quickly start acting like a business owner and do what they can to help collections grow. It’s as easy as that – and it WORKS!!!
How are bonuses calculated?
Each employee is given a bonus base. This is the dollar amount that must be collected before their bonus begins. For every $1,000 collected over their base, their hourly wage increases by a specified increment multiplied by the number of $1,000’s over the base.
For example, if their base is $24k and their increment is $0.20 and you collect $30k ($6k over their base), their bonus would be (6 x $0.20 = $1.20 per hour). They would earn an additional $1.20 per hour!
Adding The Bonus To Payroll
A simple report for your payroll processor.
Staff Bonus Payroll Report Generator™
The report created by the Staff Bonus Payroll Report Generator™ is for your payroll processor. This report can be generated by simply entering (1) last month’s collections, (2) this pay period’s hours for each employee and (3) the start & end dates for the pay period. The report automatically calculates your gross payroll with bonuses.
ADDITIONAL BENEFITS
The Staff Bonus System is simple, yet very effective.
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Automatic raises
Staff are in control of their own wage raises. Help the business grow and they’ll automatically get a raise. No more having to worry about staff asking for more money.
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Motivates staff to get busy.
Staff are happy to help the business grow. After all, they make more money as the business becomes more successful. It’s like someone lit a fire under them.
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