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Formula / model

Nancy_Kelleher1
New Contributor

We are looking at ways to pay employees a bonus based on service, we have the maximum amount we want to pay out. What would be the best model to work out what we should pay per person? 

 

I have the staffs current annual salary, the days, months and years they have worked for the business. 

 

I need a model that can be played with, currently we are looking at depending on the category you fall in to you will get a % of you current annual salary paid but this % might change so I need a formula / model that has room for these changes. 

3 Replies

Answer deleted. I posted on the wrong question.

 

@Detlef Lewin can you explain what result this would give? As I got a little lost on the second part. 

@Nancy_Kelleher1 

Sorry, that was an answer for another question.

 

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