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Justify the use of the weighting system used for evaluating managers for annual bonuses.

Question:

Justify the use of the weighting system used for evaluating managers for annual bonuses.

Determining Bonuses:

Many companies reward their staff with an annual bonus. Determining the dollar value of bonuses can be a challenging task, as the supervisor generally wants to provide a bonus that has merit, is fair, and has been earned based on performance.

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Using a weighting system for evaluating a Manager's performance when assessing annual bonuses is a favourable way to determine a fair bonus that...

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Financial Rewards for Employees: Definition & Types

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Chapter 7 / Lesson 18
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For most companies, people are the biggest asset. Motivated employees help the company achieve its mission and goals, and one way to motivate employees is through financial rewards. Let's discuss this method of motivation further in this lesson.


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