Configuring target bonuses for your organization allows you to create flexible bonus plans with different payout metrics. This allows you to create incentive plans for your employees to ensure that you’re rewarding them when they meet their targets and that you’re effectively retaining talent.
Target bonuses are defined as a percentage of the employee’s annual salary and are used when adding payout metrics to bonus pay components in compensation cycles.
In general, target bonuses are assigned to employees based on their job assignment, however, you can override the job assignment-level target bonus for individual employees. Each of these methods is described in the following sections:
You can see an employee’s assigned target bonus by opening their employee card, and then clicking View in the Target Bonus field of the Pay tab: