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In this tutorial video, Erin from Time Saving Templates addresses a common question about the variable compensation bonus template. She highlights that the template can be accessed under human resources spreadsheets and focuses on the variable compensation bonus worksheet. Erin explains that users should input information in the green and white cells, with green being mandatory and white being optional. Gray cells will automatically calculate the results. The video also discusses how to manage the template when sending it to different managers for their input, detailing the process of consolidating the responses upon their return.