How KPIs, rewards and exits reach payroll
Performance pay, cash rewards and settlements.
For: Owners & admins · Category: Payroll
Veridox connects performance, recognition and exits to pay. A finalised KPI percentage suggests a performance bonus, cash rewards become earnings, and resignation settlements become adjustments - all flowing into a pay run as queued items.
Steps
- KPI bonus - In Compensation, the Bonus tool suggests target bonus x the employee's finalised monthly KPI %, which you can edit before queueing.
- Rewards - A reward with a cash value queues as a one-time earning for the employee.
- Exit settlements - A resignation's final settlement queues as an adjustment on the relevant run.
- Run payroll - The next run for that month applies the queued items automatically.
Tips
- Set a per-employee or company-default target bonus so KPI suggestions can be calculated.
- Every queued item shows its source (KPI, reward or settlement) so it is easy to audit.