Excel & Business Math 33: VLOOKUP Function for Incentive Pay: Commissions & Piecework (15 Examples)

Download Start Excel File: https://people.highline.edu/mgirvin/AllClasses/135NoTextBook/Content/05BankingPayroll/ExcelBusinessMathVideo33VLOOKUPIncentive.xlsx Download pdf Notes: https://people.highline.edu/mgirvin/AllClasses/135NoTextBook/Content/05BankingPayroll/ExcelBusinessMathVideo33VLOOKUPIncentive.pdf Entire Class Web Site: https://people.highline.edu/mgirvin/AllClasses/135NoTextBook/135/135NoTextBookClass.htm In this video learn all about the VLOOKUP Function, How to Build Lookup Tables and all about Incentive Pay such as Piecework and Commission Pay. Excel & Business Math Class (Busn 135) taught by Michael Girvin at Highline College / Mike Girvin at excelisfun Channel at YouTube Channel. Topics in Video: 1. (00:01) Introduction 2. (02:25) Incentive Pay such as: Straight Piecework, Variable Piecework, Straight Commission, Variable Commission Rates, Commission Rate Based on Amount of Sales 3. (06:42) Straight Piecework Example 4. (08:24) Variable Piecework Example Making the Calculations Long-Hand 5. (11:28) Why Excel is so Helpful AND why we must be REALLY Knowledgeable with Excel. 6. (12:00) Variable Piecework Example Making the Calculations with the “Lookup Table Method” 7. (20:04) Creating the Lookup Table from Scratch 8. (30:31) Variable Piecework Example Making the Calculations with the “Lookup Table Method & VLOOKUP Function using Approximate Match” 9. (40:19) Variable Piecework & VLOOKUP & Approximate Match Lookup for Entire Payroll Table: 10. (44:10) What is VLOOKUP Function? 11. (44:42) “Mash” all 3 VLOOKUP Functions into Single Formula using Clipboard: 12. (not in video look in pdf notes) VLOOKUP Function Arguments (Full Details): 13. (49:00) Lookup Tables are Everywhere 14. (51:55) Straight Commission Rates 15. (52:51) VLOOKUP & Exact Match Lookup for Straight Commission Rates When each Employee has Different Rate 16. (59:00) VLOOKUP & Approximate Match Lookup for Variable Commission Rates; Make Lookup Table and use VLOOKUP 17. (01:15:25) VLOOKUP & Approximate Match Lookup for Commission Rate Based on Amount of Sales Made by the Employee 18. (01:20:02) Summary Next Video: 34 Excel & Business Math