How to Structure an Employee Bonus Plan
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How to Structure an Employee Bonus Plan
Bonuses are seen as a great motivational tool for employees. Employees work in order to earn the compensation that is negotiated for the work, but they will be inclined to do better – to go beyond what is expected of them in the performance of their tasks as set out in their job descriptions – if they can expect to get more for it ...
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SOLVED: Calculate the bonus in column E. The Bonus is based on the Total sales generated times the bonus rate of 10%. Create a range name for the 10% in cell B11 and use this range name in your formula.Format the numbers in column C, D and E as comma format with 2 decimal places.Wrap text for row 1. Adjust the columns.Bold the headings and center.Type in Total in cell A9.Total columns C, D and E.Add a top and double bottom border for row 9.Paste the range name list after row 14.
SOLVED: Calculate the bonus in column E. The Bonus is based on the Total sales generated times the bonus rate of 10%. Create a range name for the 10% in cell B11 and use this range name in your formula.Format the numbers in column C, D and E as comma format with 2 decimal places.Wrap text for row 1. Adjust the columns.Bold the headings and center.Type in Total in cell A9.Total columns C, D and E.Add a top and double bottom border for row 9.Paste the range name list after row 14.
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