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In this video, Erin from Time Saving Templates addresses common questions regarding the variable compensation bonus template. She highlights the specific worksheet found under human resources spreadsheets and explains how the template is designed. Users must input data in the green cells, while white cells are optional. The gray cells automatically calculate based on the provided information. Erin also discusses managing the process of distributing the file to different managers for input, and subsequently consolidating their responses into one comprehensive file for bonus payout calculations. For more detailed guidance, Erin references another video specifically on using the template.