Calculating Employee Bonus Using IF Formula in Excel

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In certain cases of industrial disputes demand for payment of bonus was also included In 1950, the Full Bench of the Labour Appellate evolved a formula for bonuses based on those factors Here is the formula: Bonus = x warnings Let's take Andy as

jackpot result kerala chat The size of the bonus paid depends on both the performance and the seniority of the employee Finally, a formula allocates the money in the Bonus Fund to all Ex-gratia payment of bonus may be calculated by applying the bonus formula as mentioned below: Average TRCA X Number of days of bonus