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Calculating Tiered Bonus Based on File Count - HELP ME PLEASE

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    Calculating Tiered Bonus Based on File Count - HELP ME PLEASE

    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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    Re: Calculating Tiered Bonus Based on File Count - HELP ME PLEASE

    To best describe or illustrate your problem you would be better off attaching a dummy workbook. The workbook should contain the same structure and some dummy data of the same type as the type you have in your real workbook - so, if a cell contains numbers & letters in this format abc-123 then that should be reflected in the dummy workbook.

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    Re: Calculating Tiered Bonus Based on File Count - HELP ME PLEASE

    Here is the workbook. the highlighted columns are the ones with the data we are working with.

    Thanks!!!
    Attached Files Attached Files

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    Re: Calculating Tiered Bonus Based on File Count - HELP ME PLEASE

    I don't understand at all. Is Tier 1 capped at 20 closed files? What's the Cap for Tier 2?
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    Re: Calculating Tiered Bonus Based on File Count - HELP ME PLEASE

    Well that's what makes it tricky. 20 is dynamic, the tiers are capped based on the capture percentage, which is calculated based off how many files are in each month. The example given in the December numbers, 20 represents how many files were closed to reach 40% as soon as the 21st file was closed the percentage goes to 42% and there for that file and each thereafter are $30 a file vs the previous 20 files (40% and less) which are $20 a file.

    Does that make more sense?

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    Re: Calculating Tiered Bonus Based on File Count - HELP ME PLEASE

    I think I'm starting to understand.

    The first 40% captured are at $20. The next 19% are at 30. And the final 40% are at 40.

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    Re: Calculating Tiered Bonus Based on File Count - HELP ME PLEASE

    Precisely!

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    Re: Calculating Tiered Bonus Based on File Count - HELP ME PLEASE

    =sumproduct((e6-({0,0.4,0.59}*b6))*(e6>({0,0.4,0.59}*b6)),{20,10,10})
    Pauley
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