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How to Save Company Bonus Letter in Excel

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welcome to this video which is a continuation of exercise 1 sales analysis this time we want to calculate the bonus that will be awarded to each salesperson based on their performance for the month of July 2 to 2 December 2018 so you can see the rules for giving out the bonus down here if the salesperson earn 50,000 or more the bonus is 3,200 if the salesperson earned between 35,000 and 50,000 then he gets 1600 and if the salesperson earned between 20,000 and 35,000 he gets 800 and if his revenue is below 20,000 he doesnt get a bonus so lets do it step by step here were going to use a function called if I F and if is a function that can be used if you have two or more possible results in a formula which we have right here because we have actually four possible results okay so lets get started here for the bonus for Avery equal if okay and the open parenthesis so the bonus depends on the value in h4 so if h4 now first lets check if he earned above 50,000 so if h4 creator then we h

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How do you add bonuses in Excel?

The formula =IF(F220000,0.02*F2,0) can be thought of in these words, If the revenue in F2 is greater than 20,000 then 2% of F2, otherwise 0. An IF function calculates the bonus.

How do you do HR in Excel?

Six skills that will help you excel at HR and how to develop them Interpersonal skills. Also known as people skills, interpersonal skills are a cluster of abilities that help you to communicate and interact effectively with other people. Legal knowledge. Discretion. Assertiveness. Ability to multitask. Negotiation skills.

How do I write a bonus award letter?

Dear [Employee Name], We are pleased to present you with your [year] award in the amount of [$]. This bonus award reflects your excellent performance, the contributions you made and the goals achieved on behalf of [Company Name] during the past year.

Can you create a relational database in Excel?

However, Excel doesnt allow the creation of a relational database, but you can still cross-reference and cross-link different tables and pull the data into a master table.

How do I create a simple database in Excel?

Create a blank database On the File tab, click New, and then click Blank Database. Type a file name in the File Name box. Click Create. Begin typing to add data, or you can paste data from another source, as described in the section Copy data from another source into an Access table.

How do I set up an employee database?

7 Steps to Building Your Employee Database Consider what you want to accomplish with an employee database. Identify your specific data needs. Involve key stakeholders. Evaluate possible solutions. Gather relevant policies and information. Train and empower employees. Look for new ways to leverage employee data.

How do I create a HR database in Excel?

Create a New Spreadsheet Name Your File. Open Excel and click on the New Blank workbook box. Add Columns to Your Spreadsheet. The columns you add will depend on the information you want to track for each employee. Enter Employee Information. Set Permissions Access. Keep Your Employee Database Updated.

How do you create a bonus structure?

Bonus Structure Tips Know how much money you have available for the bonus plan. Base the plan on quantifiable, measurable results. Consider setting tiered goals so that employees can docHub different bonus levels by achieving more difficult goals. Put your bonus plan in writing.

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