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?? :laugh:
 

Excel Facts

How to calculate loan payments in Excel?
Use the PMT function: =PMT(5%/12,60,-25000) is for a $25,000 loan, 5% annual interest, 60 month loan.
Try:-
[TABLE="width: 275"]
<tbody>[TR]
[TD="width: 122, bgcolor: transparent"](1+0+0.5+1+1) =3.5
[/TD]
[TD="width: 64, bgcolor: transparent"][/TD]
[TD="width: 118, bgcolor: transparent"][/TD]
[TD="width: 64, bgcolor: transparent"][/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]1000/3.5 =285.7143

[/TD]
[TD="bgcolor: transparent"][/TD]
[TD="bgcolor: transparent"][/TD]
[TD="bgcolor: transparent"][/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"][/TD]
[TD="bgcolor: transparent"][/TD]
[TD="bgcolor: transparent"][/TD]
[TD="bgcolor: transparent"][/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]Emp 1
[/TD]
[TD="bgcolor: transparent, align: right"]1
[/TD]
[TD="bgcolor: transparent"]=B4*285.7143
[/TD]
[TD="bgcolor: transparent, align: right"]285.7143
[/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]Emp 2
[/TD]
[TD="bgcolor: transparent, align: right"]0
[/TD]
[TD="bgcolor: transparent"]=B5*285.7143
[/TD]
[TD="bgcolor: transparent, align: right"]0
[/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]Emp 3
[/TD]
[TD="bgcolor: transparent, align: right"]0.5
[/TD]
[TD="bgcolor: transparent"]=B6*285.7143
[/TD]
[TD="bgcolor: transparent, align: right"]142.8572
[/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]Emp 4
[/TD]
[TD="bgcolor: transparent, align: right"]1
[/TD]
[TD="bgcolor: transparent"]=B7*285.7143
[/TD]
[TD="bgcolor: transparent, align: right"]285.7143
[/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"]Emp 5
[/TD]
[TD="bgcolor: transparent, align: right"]1
[/TD]
[TD="bgcolor: transparent"]=B8*285.7143
[/TD]
[TD="bgcolor: transparent, align: right"]285.7143
[/TD]
[/TR]
[TR]
[TD="bgcolor: transparent"][/TD]
[TD="bgcolor: transparent"][/TD]
[TD="bgcolor: transparent"]Total
[/TD]
[TD="bgcolor: transparent, align: right"]1000
[/TD]
[/TR]
</tbody>[/TABLE]
 
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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