Bonus Calculation - Pro Rata

[mohammedansar]

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	?

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Thanks for your kind support and understanding.

Best Regards.
MA.

 

[Gerald Higgins]

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]

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]

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).