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In this video, Erin discusses the variable compensation bonus template, specifically designed to help users calculate bonus payouts. Viewers are directed to find this template in the human resources spreadsheets section. She explains that users must fill out the green cells, while the white cells provide optional information; the gray cells are automatically calculated. Erin addresses a common question regarding the management of this template when distributing it to different managers for input. She emphasizes the need to consolidate the files returned by the managers after they have added their input.