- Aug 22, 2016
Does anyone remember the days their store is giving those out?
Concur. There is a business benefit to providing different bonus amounts to individuals based on their performance metrics.We had more that we wanted to award than Target allowed, so we were really trying to be as fair as possible. We at attendance, metrics, etc . . . to make the final decisions.
We all just got yet another $200 bonus. How many bonuses do you think Corporate should throw all team members? Top performers deserve extra recognition.Concur. There is a business benefit to providing different bonus amounts to individuals based on their performance metrics.
There is even more of a business benefit to providing at least a token modest amount of bonus money for the "non-rock-star" hourly TMs.
If indeed it's accurate that only the top 20% receive the bonus, that's not going to motivate the other 80%. When the bonus plan was announced that top 20% only limit was not mentioned.
This does not need to be a one-size-fits-all bonus. This is not about what some people call "equity"
Management should offer their best bonuses to their best performers.
A modest $50 bonus for the other 80% could make the difference for developing the skills and performance and loyalty of your current TMs,