Spot bonus logic always uses a combination of a bonus target, company performance multipliers (optional) and individual performance multipliers (optional). The IM needs to upload target bonus amounts as a
currency column with the key
The formula for computing the recommendation then is as follows:
targetOneTimeBonusCash for employee * company performance multiplier * associated individual performance multiplier
For example, with the above table configured, an employee who has a target bonus of $10,000, their company performance set as 125% and received an “Exceeds expectations” performance rating, they would be recommended $10,000 * 125% * 150% = $18,750.
You can also set it up so that there is no company modifier and only individual performance matters on top of the bonus target.
In this case, someone with a $10,000 target bonus and a performance rating of “Exceeds expectations” would get recommended $10,000 * 150% = $15,000.