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In this tutorial, Erin from Time Saving Templates introduces the new Employee Performance Review Template. This template is designed to facilitate the input of employee performance ratings, which are essential for other tools like the Variable Compensation Bonus Calculation Worksheet and the Annual Merit Increase Template. Both of these worksheets utilize performance ratings to establish bonus matrices and base pay increases. Erin demonstrates the blank version of the Employee Performance Review Template, highlighting that it accommodates details for up to 20 employees across different tabs or pages. The template aims to streamline the process of managing employee performance evaluations and related compensation calculations.
