trying to calculate severance pay formula

excelrooki3

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Jun 9, 2016
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9
So I am trying to calculate severance pay in a column. I have multiple columns but the ones I need to create a formula with are :yrs with company and total salary column.

Mind you to get severance pay is - # of yrs with the company x 2 weeks of regular pay. Does anyone know of a formula I can use to calculate this? :confused:
 

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sounds like an easy fix, can you provide an example so I know what im working with?

Provide like 5 made up employees, show me a before and after.
 
Last edited:
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Excel 2010
ABCDEF
1NameStart_EEnd_YearsRegular SalarySeverance
2ABC1-Jan-0631-Dec-15104,000.0040,000.00
3BBB1-Jan-1531-Mar-1611,500.001,500.00
4BBB1-Jan-1531-Mar-1611,500.001,500.00
5BBB1-Jan-1531-Mar-161.251,500.001,875.00
5a
Cell Formulas
RangeFormula
F2=D2*E2
D2=DATEDIF(B2-1,C2,"Y")
D3=DATEDIF(B3-1,C3,"Y")
D4=INT(YEARFRAC(B4-1,C4,1))
D5=ROUND(YEARFRAC(B5-1,C5,1),2)


How is Number of Years defined? Is it full years of 365+ days?
 
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