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I have a vlookup formula finding the hourly wage for an employee entered. If the employee gets a raise I need to be able to keep the previous hourly rate with data previously entered but show the new rate with new entries.
I have a vlookup formula finding the hourly wage for an employee entered. If the employee gets a raise I need to be able to keep the previous hourly rate with data previously entered but show the new rate with new entries.
OK. How about a sample workbook?
Ali
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Attached. So if I give Jeff a raise today to $16 per hour and I type 16 into cell L12 (vlookup data) the entry for 4/7/2019 row 10 will calculate the new raise when I want it to keep the previous pay rate for the pay period.
I am thinking there needs to be an IF-Function with <> a certain date.
If I'm understanding what you want correctly, you'd need to keep an hourly rate history for each employee, with the dates the hourly rates went into effect.
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The data is entered into a table with many more columns of then what is shown in the sample. Is it possible to have the vlookup incorporated with another formula to read the date and only apply the wage if the entered data is >date of raise?
What would be the best way to accomplish your suggestion?
You would need to add an effective date column to your hourly rate table, and keep track of each employee's rate and the date it went into effect. Assuming that effective date would be in column M, you could use this formula, entered as an array formula with ctrl+shift+enter:
This checks to make sure the names match, and looks for the largest hourly rate that is effective before the pay date. Example file attached. Would that work for what you need?
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That is exactly what I needed. Thank you very much! I was caught up trying to use a vlookup.
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