Calculators

The Human Resources function is evolving and there is less emphasis on the transactional side of HR, e.g., payroll, benefits administration, and more emphasis on the strategic role HR professionals can play in the organization. Using business tools such as the calculators provided on this page can help the HR professional identify problems and solutions, and as a result increase the organization’s ability to compete.

We would appreciate your feedback on the calculators. Let us know what you like, don’t like, and what you would like to see more of. At the end of each data entry section is a link to an e-mail page where you can send us your comments and suggestions.

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  2006 Turnover Rate Calculator 
Turnover is an important metric for the HR department to measure. This worksheet will calculate monthly, quarterly, and annual turnover rates based on data you input. You will then be able to print a report with the calculation and graphs showing monthly and quarterly turnover compared to national data provided by the federal Bureau of Labor Statistics (BLS).

  2007 Turnover Rate Calculator 
Turnover is an important metric for the HR department to measure. This worksheet will calculate monthly, quarterly, and annual turnover rates based on data you input. You will then be able to print a report with the calculation and graphs showing monthly and quarterly turnover compared to national data provided by the federal Bureau of Labor Statistics (BLS).

  2008 Turnover Rate Calculator  
Turnover is an important metric for the HR department to measure. This worksheet will calculate monthly, quarterly, and annual turnover rates based on data you input. You will then be able to print a report with the calculation and graphs showing monthly and quarterly turnover compared to national data provided by the federal Bureau of Labor Statistics (BLS).

  Compensation Mix 
"Compensation mix" is defined as all the components that make up total compensation expressed as a percentage of total compensation. Looking at the mix of compensation helps managers understand what drives total compensation including fixed costs such as salary versus variable costs such as overtime and benefits. Understanding the components can help managers develop strategies for reducing costs.

  Compensation Ratio 
The compensation ratio is defined as the relationship of current salaries to the midpoints of the salary ranges. You may be more familiar with the term "compa ratio." Tracking individual salaries in comparison to midpoint allows managers to consider if employees are being paid appropriately on the basis of their skills, experience, and performance.

  Cost Per Hire Calculator 
In order to measure the effectiveness and efficiency of the recruiting function, many employers calculate the cost per hire. Cost per hire is calculated by adding up all of the expenses associated with recruiting and then dividing that amount by the number of new hires during the period.

  Cost Ratios Calculator: Benefits Expenses as a Percent of Total Expenses 
Employer contributions to benefit plans have risen at an astronomical rate, and companies are continually monitoring this expense and looking for ways to keep these costs down while still providing employees with healthcare insurance and other benefits. This worksheet calculates and tracks monthly and full-year benefits expense ratios based on data you input.

  Cost Ratios Calculator: Total Compensation as a Percent of Total Expenses 
Total compensation is defined as all costs associated with employment, including salaries, overtime, benefits, and bonuses. Tracking total compensation as a percent of total costs provides managers with valuable information for use in managing the costs associated with human capital, including evaluating the use of fixed versus variable compensation. This worksheet calculates and tracks monthly and full-year expense ratios based on data you input.

  Labor Costs per Employee Calculator 
This worksheet can be used to calculate total labor costs per employee by month and full year, and also for a 10-year period.

  Merit Increase Guidelines--4-Tier Performance Rating System  
Paying for performance requires employers to carefully evaluate the job performance of individual employees and then to differentiate between annual merit increases based on that evaluation. This calculator is a tool to help you create Merit Increase Guidelines for your company to use in budgeting salary increases that distinguishes between high and low performers. The calculator uses a four-tier performance rating system.

  Merit Increase Guidelines--5-Tier Performance Rating System  
Paying for performance requires employers to carefully evaluate the job performance of individual employees and then to differentiate between annual merit increases based on that evaluation. This calculator is a tool to help you create Merit Increase Guidelines for your company to use in budgeting salary increases that distinguishes between high and low performers. The calculator uses a five-tier performance rating system.

  Performance Appraisal and Salary Adjustment Worksheet 
This confidential form should be the basis for a meaningful, two-way discussion with the employee. The ensuing performance discussion can be most successful when the report is thoughtfully and accurately completed.

  Pretax Profit per Employee Calculator 
This calculator can be used to calculate pretax profit per employee by month and for the full year, and also to calculate the pretax profit per employee for a 10-year period.

  Revenue Per Employee Calculator 
This calculator can be used to calculate revenue per employee by month and for the full year, and also to calculate the revenue per employee for a 10-year period.

  Salary Budget Worksheet 
This calculator allows you to enter current salary information about your employees and forecast the annual merit increase and any promotional increases anticipated during the budget year. The spreadsheet will then calculate the total salary and benefits expense for the budget. In addition, the calculator provides you with detailed information to use as a resource when managing these expenses throughout the year.

  Staff Ratio and Expense Factor Calculator 
The HR staff ratio and operating expense ratio are two commonly used metrics designed to measure the effectiveness of the human resources department. This worksheet will provide you with a report, based on your input, showing monthly and annual ratios.

  Turnover Cost Calculator (Single Vacancy) 
Calculating the cost of turnover will help the company and individual managers understand the cost of losing and replacing key employees. This worksheet will calculate the cost of turnover for a single vacancy.

  Turnover Rate During First Year of Employment Calculator 
This worksheet will calculate the annual turnover rate for employees during their first year of employment. Voluntary terminations are employees who left the company by choice, while involuntary terminations are employees who were asked to leave because of poor performance, misconduct, or job elimination.

  Turnover Rate of Top Performers Calculator 
This worksheet will calculate the annual turnover rate for employees whose performance is above average. Voluntary terminations are employees who left the company by choice, while involuntary terminations are employees who were asked to leave because of poor performance, misconduct, or job elimination.

  Weekly Payroll Time Sheet Calculator 
This worksheet can be used by employees to keep track of the hours they work each day. In addition, this worksheet gives employees the ability to track leave or sick time used each day and calculates an estimate of the employee's gross pay (wages before taxes and other deductions each week).