Entering a Bonus Target for an Employee
With bonus targets, you can track employees’ bonus eligibility. For example, some employees might be eligible for a bonus that is 10 percent of their annual salary, one time a year, so their bonus target is 10 percent, and their target frequency is annually.
Bonus targets are for tracking purposes. Bonus targets do not impact the amount that you award in an actual bonus or bonuses that are paid using SuitePeople U.S. Payroll.
To enter bonus targets for an employee:
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Go to Lists > Employees > Employees.
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Beside an employee, click Edit.
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Click the Compensation Tracking subtab.
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In the Bonus Target field, enter a numeric value for the bonus target.
For example, if the bonus target is 10 percent, enter 10. If the bonus target is $10,000, enter 10,000.
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In the Target Type list, select Percentage or Amount.
For example, if the bonus target is 10 percent, enter 10 in the Bonus Target field and select Percentage from the Target Type list. If the bonus target is a specific amount, enter the amount in the Bonus Target field and select Amount from the Target Type list.
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In the Target Frequency list, select how often this bonus could be awarded to the employee. You can choose from one time, annually, monthly, or quarterly.
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To include additional relevant information about the employee’s bonus target, enter comments in the Target Comments field.
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Click Save.