Page 23 - DRB&FCL BONUS STRUCTURE
P. 23
May 2019
Dear Leonard,
Performance Related Bonus Scheme
Further to our meeting this week, I am happy to con
firm our targets-based bonus scheme which, as I
explained, recognises both business and individual
performance. As discussed, the targets set will
focus on the following 3 Key Performance Indicators
:
1.
Your individual targets:
a)
Ensure Teams at Fox @ Excel and Connaught House Hot
el achieve their individual targets.
b)
Take all necessary actions to progress the above.
c)
Compliance with Fire / Health & Safety requirements
d)
Compliance with Licensing requirements
2.
Venue Results which is based targets set from your
P&L Budget for 2019 / 2020 as outlined below
(see Targets).
3.
Team Performance, which will be discussed and asses
sed as part of your performance appraisal.
These will be weekly, monthly (including financial
results) and quarterly financial performance
reviews.
PERFORMANCE REVIEW MEETINGS
Informally
– The team weekly meetings will carry the same for
mat as current. The week that the
monthly financial results are available Kerrie Evan
s will attend to discuss the results.
Formally
– Quarterly: 5
th
September, 4
th
December 2019 and 4
th
March and an interim review on *3
rd
June 2020.
*3
rd
June - interim meeting will discuss figures based
on Year End Draft Accounts, subject to final
approval.
MEASURES
There are four performance guides to measure your a
chievements in that specific quarter. They are:
29.
Exceeds Expectations
30.
Meets Expectations
31.
Needs Development
32.
Not to standard
These guides will be discussed at your first Quarte
rly Performance Review meeting on 5
th
September
2019. More information on our appraisal system will
be circulated to you prior to this meeting.
