We’ve moved beyond the era where bonuses were awarded based on a boss’s discretion or solely on company performance. Today, bonus calculations are transparent processes driven by clear formulas that consider individual KPIs. For companies with hundreds of employees, each with different KPI measures, managing these calculations manually can be overwhelming. Some formulas even involve performance bands, making the process even more complex.

Backbone helped a client streamline and automate their bonus calculation process. Without automation, the task would have required manual calculation, followed by checks from another person, which is both time-consuming and prone to errors. With our solution, bonus calculations for each employee were completed within seconds. Additionally, the system drafted personalised bonus letters with detailed appendices showing the exact breakdown of the calculation.

Through this automation, we helped the client deliver transparency in bonus calculations to their workforce while maintaining efficiency and accuracy. With built-in application controls, the process is not only faster but also reliable, allowing the company to confidently communicate bonus outcomes to their employees.

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Automating Transparent and Accurate Bonus Calculations

Automating Transparent and Accurate Bonus Calculations

Written by Mike