Create a bonus profile
Create a bonus profile in QUANTICAL.ERP in five steps - strategy, rules and calculation mode, levels, payout schedule and review.
Create New Bonus Profile in the Bonus tab opens a wizard with five steps. You can go back at any time, nothing is saved before the end.
Choose the strategy
The strategy is the metric the bonus depends on. Nine are available, in three groups:
| Group | Strategy | Measures |
|---|---|---|
| Employee | Revenue | Sum of the employee's invoiced services |
| Employee | Utilization-based Revenue Share | Share of own revenue, tiered by utilisation |
| Employee | Pure Utilization | Utilisation rate in percent without revenue reference |
| Project | Project Revenue Share | Revenue on selected projects |
| Project | Project Acquisition | Projects won by the employee, by count or budget |
| Project | Project Margin | Revenue minus costs of managed projects |
| Company | Company Revenue | Total revenue of the company |
| Company | Company EBIT | Operating result from controlling |
| Company | Gross Margin | Revenue minus direct costs company-wide |
Set the rules
Depending on the strategy the step shows the matching settings: filters on clients and projects, the utilization offset for the utilisation weighting, the overhead percentage for EBIT. For most strategies you choose the Calculation Mode here: Cliff pays the full value of the highest level reached, Progressive pays proportionally to achievement.
Under Advanced Settings are three switches. Adjust goals for part-time scales the thresholds with the weekly hours, someone working 50 percent receives 50 percent of the target value. Annual adjustment calculates the year as a whole, good months offset bad ones. Maximum cap limits the bonus.
Define the levels
Give the Name and the Payout Cycle: monthly, quarterly or yearly. Then the Levels: each level has a threshold range From up to a maximum, empty means unlimited, and a Value. Depending on the strategy the value is a fixed amount, a percentage of the metric, of the salary or of the budget. Ranges must not overlap.
Define the schedule
The Delay after period end says how many months after the period the bonus is paid, the Payout day whether at the beginning of the month, the end of the month or on a fixed date. If the day falls on a weekend, it moves to the working day before. Together with salary payment notes on the bonus notification that the bonus comes with the salary. The preview shows an example.
Review and create
The summary condenses strategy, mode, cycle, levels and schedule into one sentence and into tiles. If something is missing, the step names it. Create Profile creates the profile.
Managing profiles
The Bonus Profiles table shows per profile Cycle, Calculation Mode, Metric Source, the number of Levels and of Assignments. The switch in the Active column takes a profile out of the calculation without deleting it. The pencil opens the wizard again, the bin deletes the profile with its assignments after confirmation.
Bonus
Variable compensation in QUANTICAL.ERP - create bonus profiles with strategy, levels and schedule, assign them to employees, generate, approve and pay out payouts and issue bonus notifications.
Assign profiles
Assign a bonus profile with validity to employees in QUANTICAL.ERP and see formula, level, gross and net per employee live in the Employee Bonus Overview.