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In this video tutorial, Erin discusses the variable compensation bonus template available in the human resources spreadsheets. She explains that users need to fill out the green cells, while white cells are optional for additional information. Gray cells automatically calculate values. The focus is on managing the template when distributing it to multiple managers, allowing them to input their data before sending the files back for consolidation. Erin has another video that provides detailed instructions on how to use the template effectively.