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In this video tutorial, Erin discusses the variable compensation bonus template, specifically the worksheet available in the human resources spreadsheet section. She explains that users should fill out the information in the green cells, which are mandatory, while the white cells are optional for additional information. The gray cells automatically calculate results based on the entered data. Erin addresses a common question regarding managing the template when sending it to different managers for their input. She emphasizes the need to consolidate the data once the managers return their filled files. For detailed instructions on using the template, Erin references another video she has created.