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Multiple Criteria selection in a tier system

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  1. #1
    Registered User
    Join Date
    06-18-2014
    Location
    Singapore
    MS-Off Ver
    Excel 2007
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    6

    Multiple Criteria selection in a tier system

    Hi,

    I am working on a bonus worksheet, however the multiple criteria make it super manual and prone to error. Is there any good formula out there to solve my problem?

    It seems simple, to pick the bonus amount based on the sales value and achievement rate, see below example.

    For example,

    Salesman A sells 1M, and the growth rate from last year is 36%, so his return bonus is 40,000
    Salesman B sells 2.6M, and the growth rate from last year is 20%, so his return bonus is 12,000


    Growth % Bonus scheme (in 000)
    52%-55% 67 107 142 156 171 186
    49%-52% 62 96 130 143 156 170
    46%-49% 58 88 120 132 144 156
    43%-46% 54 81 110 121 132 143
    40%-43% 50 75 100 110 120 130
    35%-40% 40 60 80 88 96 104
    30%-35% 25 38 50 55 60 65
    25%-30% 0 0 20 22 24 52
    20%-25% 0 0 10 11 12 39

    Sales Base (in M) 0.8-1.2M 1.2-1.6M 1.6-2M 2-2.4M 2.4-2.8M 2.8M - 3.2M


    May I know what is the good formula to return the bonus based on the above criteria?

    Thanks in advance!
    Last edited by LIMEL; 06-18-2014 at 05:04 AM. Reason: to upload a file

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