Performance coefficient refers to the conversion of performance appraisal results into performance coefficient to realize its function of adjusting wage distribution.
Both department performance coefficient and individual performance coefficient are defined as the percentage of assessment results;
Among them, the personal performance coefficient of department heads is the product of work target assessment results and various special assessment results (in percentage).
Extended data:
Common formulas for performance evaluation:
First, the performance appraisal score
1, performance appraisal formula =KPI performance (50%)+360-degree appraisal (30%)+ personal behavior appraisal 20%.
2. Performance conversion ratio: the total KPI performance is 100, accounting for 50%; 360-degree assessment, a total of 200 points, accounting for 30%; Personal behavior assessment accounts for 20% in total.
Second, the calculation method of performance bonus
1, calculation method of monthly performance bonus:
Take 10% of the individual's monthly basic salary as the benchmark amount of the individual bonus, and the bonus amount is calculated according to the actual effect;
Calculation method: individual performance bonus = basic salary of the current month * 10%* department coefficient * individual assessment grade coefficient.
2? , annual performance bonus calculation method:
The calculation formula is: year-end bonus = (coefficient * continuous working months * basic salary)/12* score percentage (coefficient is determined by the company management committee according to the annual profit report).
3. For those who have worked in the company for less than 1 year, the year-end bonus assessment shall be based on the number of consecutive working months.
Reference source: Baidu Encyclopedia-Performance Appraisal