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In this tutorial, Erin introduces the newly added employee performance review template at Time Saving Templates. This template facilitates the entry of employee performance ratings needed for other templates, such as the variable compensation bonus calculation worksheet and the annual merit increase template. Both of these tools utilize performance ratings to establish bonus matrices and different base pay increases for employees. Erin demonstrates the blank version of the employee performance review template, indicating it is designed to accommodate details for up to 20 employees, with separate tabs for each individual.
