I am trying to work a formula to that pays an additional flat amount per file.
The bonus structure works like this.
Capture Rate Bonus
Tier 1- 0-40% $20/file
Tier 2 41%-59% $30/file
Tier 3 60% + $40/file
The problem is that I don’t want the bonus retroactive but determined in tiers. Right now the spread sheet pays the bonus retroactively. For example in December the calculations state that there were 29 closed TC files with a capture rate of 58% so that is in Tier 2 ($30 x 29 files)=$870.
It actually should be 20 files closed in Tier 1 ($20 x 20 files)=$400 and 9 files closed in Tier 2 ($30 x 9)= $270 for a total of $670 bonus in December. Make sense?
So the calculations have to determine how many closed TC files each month were closed in each tier and then calculate the amount paid in each tier and then added to the bonus which shows the base salary plus the bonus in an hourly rate.
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