Formula Help: Sharing a bonus payment across multiple employees

voyto

New Member
Joined
Sep 30, 2018
Messages
7
Hello All :biggrin:

I have a spreadsheet I use to pay our employees on a 4-weekly basis. We also include a production bonus, which we're modifying to a performance based one. My head is a little pickled!...

I have a cell with a "Bonus Pot" for the month - this is the ££ figure I have to share across everyone.
I have a list of employees with a performance rating for the week, represented with a value (these need to be reviewed, but are currently things like 0.5, 1, 1.1, ....)
I have a cell with the bonus value per hour worked (the full weekly pot divided up by the total hours worked of all employees)

Let's give a quick scenario....

Code:
Weekly Pot Value = £1,000.00

Employee 1 - Worked 40 hrs - Performance Value 1
Employee 2 - Worked 40 hrs - Performance Value 0
Employee 3 - Worked 40 hrs - Performance Value 0.5
Employee 4 - Worked 20 hrs - Performance Value 1
Employee 5 - Worked 40 hrs - Performance Value 1

Employee 1 worked a full week.
Employee 2 earns nil bonus for the week.
Employee 3 was only rated 0.5 for their performance. Their bonus figure should reflect this.
Employee 4 worked only half a week, so their bonus value should reflect that.
Employee 5 worked a full week.

The total bonus payed out should add up to the weekly pot value. I can't seem to work out how to calculate this - am I being stupid?? :LOL:
 

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Secret function! Use =DATEDIF(A2,B2,"Y")&" years"&=DATEDIF(A2,B2,"YM")&" months"&=DATEDIF(A2,B2,"MD")&" days"
Try:-
(1+0+0.5+1+1) =3.5
1000/3.5 =285.7143

Emp 1
1
=B4*285.7143
285.7143
Emp 2
0
=B5*285.7143
0
Emp 3
0.5
=B6*285.7143
142.8572
Emp 4
1
=B7*285.7143
285.7143
Emp 5
1
=B8*285.7143
285.7143
Total
1000

<tbody>
</tbody>
 
Last edited:
Upvote 0
How about


Excel 2013/2016
BCDE
1Pot1000
2
3E1401333.3333
4E24000
5E3400.5166.6667
6E4201166.6667
7E5401333.3333
Update f
Cell Formulas
RangeFormula
E3=C3*D3*(C$1/SUMPRODUCT(C$3:C$7*D$3:D$7))
 
Upvote 0
You clever sausage, you nailed it! This seems to have done it perfectly!

Can't thank you enough :biggrin:
 
Upvote 0
Glad we could help & thanks for the feedback
 
Upvote 0

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