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Erin from Time Saving Templates introduces the newly added Employee Performance Review template. This template is designed to facilitate the copying and pasting of employee performance ratings, which are essential for other tools like the variable compensation bonus calculation worksheet. This worksheet allows users to create a bonus matrix based on individual performance ratings. Additionally, there's an annual merit increase template that also requires performance ratings to determine base pay increases. Erin shows a blank version of the template, highlighting the "All Employee Details" page, which is configured to accommodate up to 20 employees, with separate tabs for each.
