Hi, I need your help. I want to automate seniority allowance computation (with an if condition) as per the attached sheet, but I am not clear about the formula. The criteria are as follows: seniority is 2% per year of service with a ceiling of 52%.
For Local Staff:
- Seniority comprised between 1 and 25 years = 2% x Basic Salary x Service Year
- Seniority greater than or equal to 26 years: Basic Salary x 52%
For Expat Staff:
Seniority allowance is not required, i.e., 0.
Thanks in advance, your help is very much needed.
For Local Staff:
- Seniority comprised between 1 and 25 years = 2% x Basic Salary x Service Year
- Seniority greater than or equal to 26 years: Basic Salary x 52%
For Expat Staff:
Seniority allowance is not required, i.e., 0.
Thanks in advance, your help is very much needed.
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