Page 7 - DRB&FCL BONUS STRUCTURE
P. 7
Warehouse K, 2 Western Gateway, London, E16 1DR
May 2019
Dear Mihai,
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 Perfo
rmance Indicators:
4.
Your individual targets:
e)
Increase Liquor Margin by 2% against budget
f)
Reduce overall budget wages by 2%
g)
Compliance with Fire and H&S requirements
h)
Compliance with Licensing requirements
5.
Venue Results which is based targets set from your
P&L Budget for 2019 / 2020 as outlined
below (see Targets).
6.
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
Evans 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.
