DOWNLOAD: Manager Bonus Review Template
Regular evaluations are important because they give you an opportunity to let your people know that you notice and appreciate their efforts and their contributions to your business.
Conversely this performance review will give you an organized approach to document and inform managers who aren't measuring up to your expectations. Use this form as a tool to let them know that they are functioning below your standards and identify specific actions they can take to improve their performance.
Many restaurant owners find it difficult to give feedback to managers who aren't performing as well as they should. Many people won't see a need to improve unless it's brought to their attention.
It's important to let your people know, in objective, specific terms, what they are doing or are not doing that is below your expectations and why improvements need to be made. Concentrate on specific, objective results, rather than your perceived shortcomings of the employee and you'll increase the odds of a positive outcome.
Summary of features & benefits of conducting management incentive plan evaluations:
- Gives you a way to pull the management team together, making them interdependent on each other to achieve company goals.
Encourages manager to think more like an owner.
Forces owners and managers to step back and look at how the restaurant is performing overall.
It creates a win-win situation and motivates the entire team to produce better financial results which ensures a more profitable restaurant.
The Manager Bonus Plan Evaluation/Review template is downloadable in a Microsoft Word® (.docx) file format.