Forum Discussion
how to write Formula in excel
Hi,
I need help regarding excel formula for incremental bonus value.
Example: fix bonus is 1000 any Qtr
x
if 1st Qtr target fulfilment is more than 100 then x person get Rs.3000/-in 1st Qtr
if 1st & 2nd Qtr target fulfilment is more than 100 then x person get extra Rs.500 in 2nd Qtr
if 1st, 2nd & 3rd Qtr Target fulfilment is more than 100 then X person get extra 1000 in 3rd Qtr
if all qtr target fulfilment is more than 100 then X person get extra 1500 in 4th Qtr
But
but X person does fulfil his target in 2nd Qtr then he gets only fix amount.
then start from 3rd Qtr again.
means continuously x person meet their target he will get Rs.500 extra.
please Help
2 Replies
- prashant100177Copper Contributor
in other words
Fixed Incentive Quarterly Incremental Incentive Quarterly Increased
Earning
Q1 > 100%
Rs.1000
Q1 > 100%
Rs.1000
Nil
Q2> 100%
Rs.1000
Q2> 100%
Rs.1500
Rs. 500
Q3> 100% Q4> 100%
Rs.1000
Rs.1000
Q3> 100% Q4> 100%
Rs.2250
Rs. 3250
Rs. 1250
Rs.2250
Thanks in advance
- Mitchell BakkerIron ContributorHi Prashant,
Please post this in the excel community as this is not related to Microsoft Teams.
Kind regards,
Mitchell Bakker