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In this tutorial, Erin from Time Saving Templates discusses the variable compensation bonus template available under human resources spreadsheets. She highlights that users need to fill out the green cells, which are mandatory, while the white cells are optional for additional information. The gray cells in the template will automatically calculate the bonus payout. A common question addressed is how to manage the template when distributing it to multiple managers for input and then consolidating their responses. Erin emphasizes the importance of managing this process effectively for accurate calculations.