NOTE: Cells locked and worksheet can be protected.

How to calculate your

Fully Burdened Hourly Cost of Labor
>>>>>(Input Cells Are Shaded)<<<<<

Step 1: Calculate the Average Hourly Labor Rate Step 2: Calculate Total Annual Cost
Use this calculator for either individual employees or groups of employees.
For an individual employee or for a group of less than 12, ensure that the blank 1. Average Hours Worked Per Week: =======> 40
cells are empty, that is, that they DO NOT contain ZEROS. Overtime premium is calculated for you automatically.

Employee Hourly Rate 2. Total Annual Pay, Including OT Premium: ====> $37,440
1 $18.00
2 3. Additional burden - note the percentage of each dollar of pay
3 for each of the following categories:
4
5 FICA -----------> 6.200%
6 FUTA -----------> 0.800%
7 SUTA -----------> 3.500%
8 Medicare -----------> 1.450%
9 Worker's Comp. --------> 4.230%
10 Health Ins. -----------> 14.900%
11 401-K -----------> 0.000%
12 Total burden % / $ 31.080% $11,636

Average Hourly Rate: $18.00 4. Total Annual Payroll Cost: ------------> $49,076

Step 3: Calculation of Annual Productive Hours Step 4: The Results

Total Possible Weekly Hours: 40

(From your above input)

Note the following in number of full days:

Paid Vacation: 14
Paid Holidays: 10 Total Annual Payroll Cost: $49,076
Paid Sick Days: 5
Annual Available Hours: 2,080
Note the following in number of minutes per day:
Paid breaks: - Annual Productive Hours: 1,848
Paid stand by time: -
Paid travel time: - Fully Burdened Hourly Rate: $26.56

Total Possible Hours Per Year: 2,080

(Calculated for you - no input necessary)

Total Hours Deducted: 232

(Calculated for you - no input necessary)

Total Productive Hours Per Year: 1,848

(Calculated for you - no input necessary)

Labor Rate and Burden Rate Calculation: 0 Printed On: 3/9/2011 At: 11:58 AM