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Erin from Time Saving Templates introduces a new Employee Performance Review Template designed to streamline performance evaluations. This template is integrated with several existing tools, including a variable compensation bonus calculation worksheet and an annual merit increase template, both of which utilize employee performance ratings to determine bonuses and pay increases. The tutorial showcases a blank version of the Employee Performance Review Template, set up for 20 employees, with various tabs for each employee's details. This setup aids in efficiently organizing and analyzing performance data to inform compensation decisions.
