Calculate Bonus in Excel Using IF Function

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5 жыл бұрын

Calculate Bonus in Excel Using IF Function video demonstration will help you to understand how you can use if function to calculate bonus of given set of employees.
In this video demonstration, we also covered how we calculated the results using the combination of IF & AND function and IF & OR function which were given as assignments in the previous video demonstration.
By the end of this video, you should be comfortable to use the IF function clubbed with AND or OR function.
We have also covered absolute reference very briefly under this video.
You may download the practice file using this link: drive.google.com/uc?export=do...
Free Excel Data for Practice: OnlineKnowledgePortal.com/201...
In case you are stuck, add your questions below in the comments section, and I will be happy to help you.
I hope that you're enjoying learning Excel through this Excel learning series with Syed. I request you to share these videos with anyone who desires to learn Excel from scratch.
Do subscribe to the channel and enable notifications by clicking on the bell icon to receive updates about new videos as and when they are added to keep up with Excel Learning.
These functions apply to:
Excel 2019, 2007, Excel 2010, Excel 2013, Excel 2016, Office 365 and above
#excelLearningSeries #excel #excel2016 #excelLogicalFunction #HowWeExcel #excelconditionalfunctions #calculation #calculate #bonus

Пікірлер: 40

@Arturo-hc9pl 2 жыл бұрын

not what i was looking for but very useful information. good stuff m8!

@Syedhussainipage 2 жыл бұрын

Thank you for the feedback Arturo. It helps in keeping me motivated. Kindly subscribe to my KZfaq channel KZfaq.com/user/hussainisyed?sub_confirmation=1 for regular updates on new videos from me. Best Regards, Syed H

@hartingwong3568 Жыл бұрын

Thank you sir. Super helpful

@kkarsd 5 жыл бұрын

Helpful

@Arsene_co 7 ай бұрын

Thankyou sir It's a very helpful video 👏👏🫶

@seanhaggerty9718 10 ай бұрын

I am trying to produce the bonus amount for each of my staff, but having it match to a tiered qualification based around a percentage. I have been able to set up the qualifications and disqualifications to be included in the bonus structure, but am having trouble with returning the correct tier to be able to calculate their bonus. I have the tier set up so that if they are 20% or more below the group average, they are tier 1. If they are 19%-1% below the group average, then they are tier 2. If they are at or up to 19% above the group average, then they are tier 3. And if they are 20% or more above the group average, they are tier 4. Could you help me figure out how to format this? I am assuming I would have to nest multiple OR calculations?

@i_t_zmeaman5634 3 жыл бұрын

Sir I have a doubt how to make such large bonus sheets is there any trick to type them fast?

@rishabharora5785 22 күн бұрын

Hello.! Thanks for the Excel Education.! I understand all the formula and also tried on the sheet that you provided in link. but I stucked on "If with AND function" TAB You applied this formula in excel : =IF(AND(B3>35, C3>35, D3>35, E3>35), "Passed", "Failed") and When I applied this, I also got the correct answer But I want different type in this : like for eg: "IF HARRY SCORED LESS THEN 35 MARKS IN ANY SUBJECTS THEN IT SHOULD SHOW FAIL" but I tried this. : and showing "PASS" in all Cell.. Basically you applied : MORE THAN ">" and I want to apply : LESS THAN ""...the outcome shows correct.! By using LESS THAN "

@sudhakarramalingam2309 3 жыл бұрын

Hi Syed, if same 3moth your checking the condition either they are eligible or not, If eligible then value also should show in same column, can you write the syntax... thank you syed

@Syedhussainipage 3 жыл бұрын

Sorry for the delayed response. If you could share the sample data I can write it for you. Send it over my email hussaini.syed@gmail.com

@ashfaqueivan5642 Жыл бұрын

Sir i wan to make a bonus sheet for the employees. But the condition is that the job duration must be if the job duration is 15% then the bonus will be 30% & if the duration is more than 1 year than the bonus will be 60%. Pls help to advise how can i prepare this in an excel sheet.

@creativehacksbyuday3693 4 жыл бұрын

helpful...thank you

@Syedhussainipage 4 жыл бұрын

Thank you for the feedback. I am so glad to hear that. Do subscribe to my KZfaq channel kzfaq.info for regular updates. Best Regards, Syed H

@pradippaul6201 3 жыл бұрын

Sir I need your help... Plz tell me how can I solve this. I want to calculate my staffs bonus using if formula depends on their working days. W.days. yearly Wages 31. 3600 134. 8000 234. 23000 178. 1600 290. 30000 305. 37000 323. 4500 If candidate fulfil the condition he will get the bonus and condition is as follows If he worked between 31-120days. He will get 10% of yearly wages. Same as 121-180days will get 12% 181-200days will get 15% 201-300days will get 20% Plz tell me how can I solve this with IF FORMULA..

@nikitapagrawal0511 Жыл бұрын

Employees belong to Sales and Marketing Department with Basic Salary < 45000 get Bonus of 25000, how to write this in nested if and or function??

@neilliasmith5455 3 жыл бұрын

So would calculate the number of persons getting bonus like that,I got a question that said calculate the number of persons getting bonus if the pay is 200 or above its bonus.so I would calculate it like that

@Syedhussainipage 3 жыл бұрын

You may apply the relevant numbers based on your need. If you require my assistance, feel free to send me an email at hussaini.syed@gmail.com and I'll be happy to help. Please share some sample data with your query when you mail to expedite the matter. Regards, Syed H

@neilliasmith5455 3 жыл бұрын

What does the $G$1 means?

@Syedhussainipage 3 жыл бұрын

$G$1 is an absolute reference which means that the reference to the cell G1 will not change when you drag the cell down or across.

@graysonsesay331 2 жыл бұрын

The link to download the file please

@Syedhussainipage 2 жыл бұрын

drive.google.com/uc?export=download&id=1_USkww1JmHj2DW2ZeqM1TWkeCAQLPeUm

@baishajohnson 2 жыл бұрын

I need help if the person's age is 50 and up the person receives a bonus based on the years of service. If less than 5 years then the bonus is 20%, if years of service 5-10 years bonus is 30%, if years of service is 11-15 years bonus is 40%, etc. If under 50 no bonus

@Syedhussainipage 2 жыл бұрын

Hello Baisha, I see that you want to calculate the bonus based on multiple conditions. You can do it using the nested functions concept. Try IF Function inside the IF Function. See this video to get an idea of nested functions kzfaq.info/get/bejne/g8pios6b07Greqc.html Ofcourse, feel free to reach out in case of any issues. Best Regards, Syed H

@Syedhussainipage 2 жыл бұрын

Baisha, Are you able to do it? please let me know. Let me know your facing any issues in doing that. You can submit a sample data so that I can take a closer look in case if your facing any issues. Use this form to submit your sample data file forms.gle/CxaWGeqdugMktWPx6

@excelmagic3795 4 жыл бұрын

A bonus of 2% of sales will be paid to employees who meet the following criteria: 1. Sales are above target. 2. Have worked for the company for more than two years. Note: Employees with more than five years service will receive the bonus even if sales are below target.

@Syedhussainipage 4 жыл бұрын

You will need to use a combination of Nested IF functions with AND function alongside. See this video and let me know if it helps. kzfaq.info/get/bejne/gKydlNdnlrfOn58.html&lc=UgyFmbLLiuzoxmGfUeZ4AaABAg In case you need me to do the function you, please share a sample data and I will build the formula for you.

@excelmagic3795 4 жыл бұрын

@@Syedhussainipage Hey Thanks for Replying attaching the sheet please assist in solving this,.... Question Q-1 Q-2 Q-3 Q-4 Q-5 Q-6 Q-7 Q-8 Q-9 Q-10 Q-11 Q-12 Q-13 Q-14 Q-15 Right Answer A B B C A D D A B D C B A B D Employee Name Q-1 Q-2 Q-3 Q-4 Q-5 Q-6 Q-7 Q-8 Q-9 Q-10 Q-11 Q-12 Q-13 Q-14 Q-15 Right Answers Andy Richards A B B C A D D A B D C B A B D Howard Simpson A B B C C D D D B A C B A B D Charles Davis A B B C A D D A B D C B A B D Paul Goodman B B B C A D D D B D C B A B D Dan Armstrong B B B B A B D A C D C B A B D Alfred Hawking A B B C A D D A B D C B A B D Michael Hicks A D A C A D B C D A B B A B D Chuck West B C B C A D D A B D C B A B D John Jennings A B A B C D D A B D C B A B D John Bradshaw B D B C A D D A B D C B A B D Stephen Bell A D B C A D D A B D C B A B D Frank Lee A B B C A D D A B D C B A B D Margaret Streep A B A C A D D A B D C B A B D Jessica Sagan A B B C D D D A B D C B A B D Julia Putin A B B C A D D A B D C B A B D Anna Newhart A B B B A D D B B A C B A B D Meryl Simpson A B C C C D D A B D C B A B D Marilyn Manning A B D B C A D A B C C C D A B Jane Anderson C B B C A D D A B D C B A B A Lucille Ashe A B B B A D D A B D C D C B D Julie Spears B B C D A B C A B D C B A B D Elizabeth Diamond A B B C A D D A B D C B A B D Julia Carrey A B B C C D D A B D C B A B D Gloria Silverstone A B B C A D D A B D C B A B D