I am trying to create a formula that will look at an employees Total Direct Comp $’s against the market 50-75th %ile numbers and if it is 5-10% greater than than the 50th %ile of the market it would deliver a label in the field = P50-P75. If the total TDC is less than the 50th %ile of the market number by 5-10% it would deliver a label in the field = P25-P50.

Thank you

likehelpfulfunny
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Type this into ChatGPT

like

Make a 50th percentile + 5% cell then do =if(TDC$>=50th+5%,p50-p75,p25-p50)

like

To be fair, if OP is looking for exactly the 40-45th %ile and 55-60th %ile to be the only thresholds that deliver a label, this formula won’t do that.

=IF(A1 > B1 * 1.1, "Label for 50th-75th %ile", IF(AND(A1 < B1 * 0.95, A1 > B1 * 0.9), "Label for 25th-50th %ile", "Label for below 25th %ile"))

Here's how this formula works:

- If the TDC (A1) is more than 10% above the 50th percentile (B1), it returns "Label for 50th-75th %ile".
- If the TDC falls between 5% and 10% below the 50th percentile, it returns "Label for 25th-50th %ile".
- Otherwise, it returns "Label for below 25th %ile".

Hope that helps

like

It’s a basic if condition.

likesmart

Look at the fundamental logic, the variance and then buckets based on result of variance. Frame that into a basic statement of what you want to do and then type it in google or chatgpt. Also, your logic on it is fundamentally flawed on what you want. You will have errors on items that are at less than the 5% variance the 50% and items that are extremes (greater than 25% of variance will be bundled to your two generic buckets.)

likeuplifting

=IF(TotalDirectCompCell<=1.05*MarketReimbursementRateCell,”P50-P75”,IF(TotalDirectCompCell<=0.95*MarketReimbursementRateCell,”P25-P50”, “Market Reimbursement Rate”))

I think that is roughly what you’re after. I threw in the last one because you didn’t leave an opportunity for a value to fall in between those conditions.

Though based on what you’re actually comparing I think your ranges should be P25-P45”, “P46-P54”, “P55-P75”.

likefunny

I agree FPA1.

like

Wait like 5 more days I have a video coming out on IF function 😂

funny

Also impressive the amount of user suggesting AI to make this done …not sure if I would be scary or happy for people to trust AI that much

like

Chat GBT provided “an accurate” formula in seconds. 👍🏻

like

Your conditions are super confusing. Can you write out a clear MECE set of conditions?

funny

Holy hell.. Get AI involved...
This is crazy.. 2+2=5

funny

A1 provided formula in seconds. Great tool!

like

Would be easier to set an external table with range than with labels assigned you can use every form of search formula…like IM, sumprod, etc

like

I actually put my criteria into Chat GBT and received the exact formula that covered all scenarios (<>25th, 50th, 75th).

Chat gpt

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