How can you negotiate a bonus structure that aligns with your goals?

Foundation for Negotiation for Bonus is setting the Performance Objective. You may have number of Objectives say 6. Out of this 6, which is your Stretch Objective When you not only achieve the Targets but Stretch beyond the Target then you have the Negotiation Power. This is the One Objective that gives the maximum Returns and high weightage even if the other Objectives are just met. During the Objective finalization set the benefits on exceeding the Targets Throughout the cycle continuously monitor the Target vs Achievement and appraise all stake holders in all forms of Communication After Exceeding the Achievement now it is Right to Earn. Performance Bonus can be negotiated for your Benefit.- Cash, ESOPS, Training, Exposure to Projects.

A bonus structure is negotiated cooperatively. Professionalism and a focus on shared benefits should guide your approach to the conversation. You should be motivated and rewarded while also contributing to the organizational success of the bonus structure.

How do you Communicate your Achievements. Follow this M-Q-H-A Monthly, Quarterly, Half Yearly and Annual Formal Communication through 121 /Video Discussion with Data of Target vs Achievement to Manager Weekly emails - What went well. What support you need to overcome Challenges Informal Communication over Coffee table, Table Tennis /Sports area to all Stake Holders thanking their outstanding support helping in exceeding Target. You need Cheers Leaders for 360 Deg Positive Feedback to get your Steep Hike Collect Testimonials from the beneficiary of your achievements and make them part of the Achievement document. Data- Situation before and after Role you played to get the result. More number of results- Higher you Negotiate. Cheers

I think that on the face of it, there are some sound points, but having been part of the negotiation of dozens of candidates, you must remember specificity. That is to say that every company typically has their own policy in place that guides the process on the employers side. When considering any bonus communication let alone negotiation, you should always factor into account the companies policies regarding bonuses. When doing research on company policy seek the consul of a peer or a former employee in a similar position. Also find out from them the best way to approach attaining a new bonus and use the information to setup a framework for your bonus negotiation. Good luck! Feel free to GIT if you still have questions.