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In this video, Erin from Time Saving Templates addresses a common question about the variable compensation bonus template. She demonstrates the variable compensation bonus worksheet found in the human resources spreadsheets. The template allows users to fill in information primarily in the green cells, which are mandatory, while white cells provide additional optional information. Gray cells are designed to automatically calculate totals. Erin also explains how to manage the process of distributing the file to different managers for their input and consolidating the responses after they return the completed files. For further guidance, viewers can refer to her other tutorial on using the template.