I'm here to help you streamline and save time when it comes to using excel spreadsheets in your business in your profession in hr. This employee bonus policy template is ready to be tailored to your company's needs and can be a starting point for setting up your employment policies.You can copy the example below to a clean sheet. Click on the icon below the f(x) in the header, move to your sheet's cell A1 and paste. I have been asked to design a compensation and bonus plan for the organization and I need some guidance. Gross Up Bonus Calculation Configuration. Step 1: Create a New Formula 'GROSSUP" and give it a description. In this video, I'll show you how to use Excel formulas to summarize employee bonus payouts. On bonus is a discretionary bonus that serves as a recruitment incentive. Sign-on Bonuses: Provided to new hires to attract top talent, especially for roles that are critical or hard to fill.