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hey guys its erin with time saving templates and today im gonna go over some common questions that weve been getting with the variable compensation bonus template which i do have another video which ill link to that goes over the basics of using this template if you want a more thorough example but basically the green and white cells you would copy and paste your employee information the gray cells are formulas that will pull in from the other pages or calculate for you so its going to calculate the bonus for you and also prorate if you want to do that how can you use this template if you are wanting to only calculate have a set calculation for the bonus payout versus have the managers providing input or discretion as to having more flexibility with the bonus payout so the short answer is you could do both but im going to go in an example of that and then were also going to talk about how you can use this template if you have no salary bands right here so you dont have grades o
