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NorthStar is expanding our pay for performance approach by changing our formula for corporate bonuses. 2023 salary increases and corporate bonuses will be based on individual contributions.
Expanding on our commitment to reward our high performing corporate employees, NorthStar is excited that 2023 Corporate Bonuses (payable in April of 2024 for eligible employees) will be based upon individual performance and contributions to their team and the organization. This allows us to tangibly reward corporate employees who go above and beyond. The employee's overall performance rating assigned by their manager during the performance evaluation process will inform both the merit increase and the bonus allocations. The bonus decisions will be made in close collaboration with NorthStar's Talent Development team and HR Business Partners to promote accountability and ensure equity for all employees.
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