The bonus registry is a highly flexible decision support and data management tool for measuring business performance and linking it to bonus pool funding.

The principle at the heart of the bonus registry is the alignment of specific levels of business performance against different levels of bonus award.

The achieve this task, management first must define criteria for measuring performance. This involves setting and assessing the relative importance of those performance indicators which will be taken into account in evaluating actual performance.

Having defined key financial performance indicators and qualify factors, the bonus registry helps manages examine the relationship between incremental levels of performance and incremental levels of reward.

By clearly stating the linkages between performance and reward, the bonus registry facilitates the communication and prioritisation of strategic objectives throughout the organisation.

The performance measurement capability of the bonus registry provides the organisation with a sharp focus on performance improvement. The rewards associated with incremental performance levels provide staff with a clear incentive to outperform.

Maintaining a clear linkage between bonus awards and performance enables the organisation to manage bonus accruals more effectively.
In these ways, the bonus registry helps the organisation measure and reward the delivery of actual results.

The objective of the current work stream is to provide an upgrade of the Bonus Registry with added flexibility and functionality.

Currently, this work stream is well advanced and a "Version 2" prototype of the new Bonus Registry is available to all members.

Further enhancements, for example, reporting via PowerPoint slides and linkages to data held in Excel files have been developed and included in Version 2.

All forum members will be provided with a copy of the latest version of the Bonus Registry on the completion of the work stream.

Representatives actively involved in the work stream will receive work in progress versions of the new Registry during the course of the work stream.