Labor Burden Calculator
An online calculator by busybusy that helps businesses estimate the true hourly cost of their employees by combining wage rates with taxes, benefits, and overhead, supporting more accurate job costing and valuation of tracked labor time.
About this tool
Labor Burden Calculator
Category: Time-tracking utilities & calculators
Vendor: busybusy
URL: https://busybusy.com/calculators/payroll-calculators/labor-burden/
Overview
Labor Burden Calculator is a free online tool that estimates the true hourly cost of an employee by combining their base wage with payroll taxes and insurance-related overhead. It is designed to help businesses (especially in construction) improve job costing and budgeting by revealing the full hourly labor burden for different labor classifications.
Features
-
Total hourly labor cost estimation
- Calculates the full hourly cost of an employee, not just their wage.
-
Labor burden breakdown
- Separates base wage from additional burden costs to show:
- Total hourly cost
- Total hourly burden (over-and-above wage)
- Separates base wage from additional burden costs to show:
-
Tax components included (with default rates)
- FICA (example default: 7.65%)
- FUTA (example default: 6.0%)
- SUTA (example mid-range example: 3.0%)
- Uses standard example rates for display; actual numbers can be adjusted with your own data.
-
Insurance cost components
- General liability insurance rate per $1,000 of payroll.
- Worker’s compensation rate per $100 of payroll.
- Converts these rates into a per-hour dollar cost for each employee classification.
-
Supports multiple labor classifications
- Allows you to repeat the calculation for different labor classes (e.g., different trade codes or risk classes) to see the cost per hour for each.
-
Step-by-step guided input
- Enter hourly labor rate.
- Use General Liability and Worker’s Compensation declaration pages to find the correct class codes and rates.
- Input GL rate (per $1,000) and WC rate (per $100).
- View resulting per-hour cost and burden.
- Repeat for as many labor classifications as needed.
-
Visualization of hidden costs
- Highlights that taxes and insurance add significant cost beyond the stated hourly wage.
-
Job costing & budgeting support
- Intended to be used as a tool to improve accuracy of job bids and labor-related budgeting by incorporating full labor burden.
-
Review-ready outputs
- Produces a detailed cost breakdown that can be reviewed with an accountant for refinement and validation.
How It Works (Inputs & Outputs)
Inputs:
- Hourly labor rate (base wage).
- General liability insurance rate per $1,000 of payroll.
- Worker’s compensation insurance rate per $100 of payroll.
- Applicable payroll tax rates (or use example defaults shown in the calculator).
Outputs (per hour):
- Total hourly cost.
- Total hourly burden (taxes + insurance + other included overhead).
- Individual line items for each included cost type (e.g., FICA, FUTA, SUTA, general liability, worker’s comp).
Pricing
- Free – The Labor Burden Calculator is provided as a free online tool.
Loading more......
Information
Categories
Tags
Similar Products
6 result(s)The My Hours Free Time Card Calculator is a web-based tool for calculating total hours worked over a period based on manual time card entries, including shifts and breaks, providing a lightweight alternative for simple time tracking and payroll calculations.
The Free Time Clock Calculator by busybusy is a web-based time card calculator that helps users convert clock-in and clock-out times into total hours worked for payroll and reporting. It supports accurate manual time tracking and payroll preparation without requiring a full time tracking system.
An online calculator that uses tracked work hours to compute overtime and associated pay, helping businesses correctly handle overtime based on their time tracking data.
A payroll-focused savings calculator that estimates potential cost and time savings from switching to more efficient time tracking and payroll processes, such as adopting busybusy instead of manual methods.
A tool designed to help users calculate work hours and wages based on time card entries. It simplifies the process of tracking time worked, making it easier for both employees and employers to manage payroll efficiently.
My Hours Free Timesheet Templates is a collection of downloadable timesheet templates in formats like Excel and Word, designed to help individuals and teams record work hours, manage basic time tracking, and support payroll and billing without dedicated software.