Hourly Cost Calculator

Hourly Cost Calculator


Editors' Rating:
4.5
Outstanding
Average User Rating:
2.0
out of 2 votes
See all user reviews

Quick Specs

Version:
1.0
File Size:
510.81KB
Date Added:
March 17, 2014
Price:
Free to try (Limited functionality); $29.00 to buy (Buy it now)
Operating Systems:
Windows 98/Me/NT/2000/XP/2003/Vista/Server 2008/7
Total Downloads:
14,119
Downloads Last Week:
43
Product ranking:
Additional Requirements:
Microsoft Excel 2007 - 2013

Editors' review

Excel users have access to a huge range of free forms, templates, and tools to help them maximize the potential of Microsoft's industry-leading spreadsheet application. Better still, nearly all are free, like Free Employee Hourly Cost Calculator and Labor Burden Estimator from Med-e-Forms. It's all set up and ready to fill in with your data.

We opened the workbook in Excel and enabled editing. As with many Excel templates, it's a busy affair, but color-coding, sample entries, and frequent explanations made for easy setup. Step 1 involved entering tax data, while in Step 2 we entered wages, benefits, paid leave, and similar data. The tool lists several sample employees; we merely had to substitute the names and specifics, and the template did the rest, including calculating FICA, Medicare, and other deductions. It's a little like filling out a tax form, and perhaps just as much fun, but then fun isn't the point; efficiency is this tool's objective, and there we can't fault it. We entered our data and renamed and saved our form, and then went back and reopened it to verify everything was as it should be. It was, which was what we expected. Since it's an Excel template, we could do pretty much anything we could do with any other Excel document, aside from editing embedded objects like the linked ads for the developer's PDF-based tools, its main product line.

Small-business owners and managers will appreciate Free Employee Hourly Cost Calculator and Labor Burden Estimator, which can calculate important data in less time than it takes to say its name. Since you probably already use Excel or a compatible program, we recommend giving it a try. Your bottom line will thank you.

Publisher's Description

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All User Reviews

    Results 1-2 of 2

  • 1 stars

    "Inaccurate, missing basics, tries to install adware."

    February 07, 2014   |   By jolanders-dot-com

    Version: Free Employee Hourly Cost Calculator / Labor Burden Estimator 2.5

    Pros

    About the only pro with this is that it's free.

    Cons

    The installation process makes multiple attempts to install adware or malware on your computer. Once you finally get the spreadsheet, it's a crippled version that does little except advertise paid versions. You are only able to enter information for one employee, and the information you can enter is so minimal the calculations are unlikely to be accurate.

    Summary

    Attempts to install adware and malware, change your default search engine, etc. Once you get past the installation (and why do we need an installation package for an excel file?), what you receive is a crippled version of an excel file with inaccurate calculations, ads for "standard," "pro," and "enterprise" versions, and another .exe file (which I did not allow to run b/c I'm guessing it's more adware or malware).

    This calculator does NOT do very basic things like adjust employer-paid payroll taxes by pre-tax benefits, allow you to enter paid breaks, adjust worker's compensation wage caps per employee, or factor in overhead costs. Although it includes lines to enter multiple employees and up to 7 benefits and 4 types of paid days off (thereby defaulting to 12 pages when I test-printed as-is), you can only enter information for one employee, one company-paid benefit, and one company-paid type of days off, unless you purchase a paid version.

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  • 3 stars

    "Good program"

    March 28, 2011   |   By Sepharaohth

    Version: Free Employee Hourly Cost Calculator / Labor Burden Estimator 1.0

    Pros

    good for calculations

    Cons

    make sure you have the right formulas before plugging in the numbers.

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  • Results 1-2 of 2

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