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In this video tutorial, Erin introduces the new Employee Performance Review template from Time Saving Templates. This template was created to address the need for a standardized way to input performance ratings, which is essential for other tools like the variable compensation bonus calculation worksheet and the annual merit increase template. Both of these worksheets utilize the performance ratings to establish bonus matrices and base pay increases for employees. Erin showcases a blank version of the Employee Performance Review template, designed for up to 20 employees, with separate tabs for each employee's details.
