Bonus Calculation - Pro Rata

mohammedansar

New Member
Joined
Jun 12, 2019
Messages
2
Dear Mr. Excel,

Hope this mail finds you in good health.

I have a question, and would appreciate it if you could answer it ASAP.
Ex: I have a bonus pool of 150,000 to be distributed among 5 employees on criteria of grade, department, annual evaluation and their date of joining (pro rata).

Employee
Grade
Dept
Annual Evalutiaon
Date of Joining
Bonus (Jan – Dec 2018)
A
6
4
83%
15-Jan-2018
?
B
5
4
86%
01-May-2018
?
C
4
3
90%
01-June-2018
?
D
3
2
92%
01-Jan-2018
?
E
1
3
80%
01-Jan-2018
?

<tbody>
</tbody>

Thanks for your kind support and understanding.

Best Regards.
MA.
 

Gerald Higgins

Well-known Member
Joined
Mar 26, 2007
Messages
9,115
What should the results be for each person, and why ?
Please post the specific numbers that you think each employee should have as their bonus, and details of the calculation.
 

mohammedansar

New Member
Joined
Jun 12, 2019
Messages
2
What should the results be for each person, and why ?
Please post the specific numbers that you think each employee should have as their bonus, and details of the calculation.
Hi Gerald,

Thanks for your interest.

The calculation should purely be based on the grade, department, evaluation & date of joining. We don't have any specific limit for any employee. The pool of 150,000 should be divided among the employees based on the mentioned criteria.

Thanks.
 

Gerald Higgins

Well-known Member
Joined
Mar 26, 2007
Messages
9,115
Same questions again.

What should the results be for each person, and why ?
Please post the specific numbers that you think each employee should have as their bonus, and details of the calculation.


It sounds like you maybe have 2 separate challenges here.
1) Define the bonus policy for this group of employees. I can't help you with that. If you don't know your bonus policy, I suggest you speak with someone in your organisation who DOES know the policy. OR, if you don't have a policy, work one out for yourself.
2) Develop an Excel solution to calculate the bonus, based on your organisation's bonus policy.

Once you've done (1), I and other people on this board can probably help you with (2).
 

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