Labor Burden Calculator

While any employer knows how much each member of staff is paid, the actual costs are much higher, but they are not particularly easy to calculate.
Labor Burden Calculator is a fairly straightforward Excel spreadsheet that can make this task a lot easier, as it only requires you to input your financial details and performs the necessary calculations automatically.

Useful Excel template that can be deployed instantly

Naturally, Labor Burden Calculator cannot be used if Microsoft Excel is not installed on your computer. Additionally, you should ensure macros are enabled before opening the spreadsheet, as it may not be displayed correctly otherwise.
Because the utility is distributed in the form of an Excel template, you do not need to install any additional software on your PC, and it can be saved on a portable storage device and used on multiple computers without leaving any traces behind.

Calculate actual employee costs and increase your profits

Labor Burden Calculator features a tabbed interface that enables you to switch between the available modules quickly. The data entry process is simple enough, and any user who is familiar with Microsoft Excel should be able to get the hang of things very quickly.
The spreadsheet allows you to calculate your true hourly costs and profit, with or without overhead, as well as set up various scenarios and find the ideal employee assignments for specific jobs.

Offers a helpful tour and displays useful tooltips

If you do not have a lot of experience with managing finances, some of the specialized terms included in the spreadsheet may not be entirely familiar. Thankfully, you can click the Show Help button to enable the available tooltips and read the provided explanations.
Overall, Labor Burden Calculator is a useful tool aimed at business owners who wish to learn just how much money they spend on each employee and how they can increase their profits.