Triton’s Business Calculators | Hourly Paycheck - Compensation - Labor Costs Per Employee

Performance Evaluations

Our company is a multi-specialty medical facility with approximately 200+ employees. In April, 2005 we moved our payroll processing functions to Triton. Since changing, we have had a more efficient process. The payroll set up itself was painless due to the knowledge and skill provided by the Triton staff. Triton has been able to provide us with the level of detail that we could not get from our previous payroll provider. Our facility is split into Pod's (or depts.) and because of this breakdown we needed the employee payroll to not only breakdown to the dept level but also to the account, provider and specialty. Triton also wrote us a labor distribution report that tracks these changes by employee so that we know the earnings, deductions and taxes are posting to the correct areas. We export our payroll out of the payroll system and into a General Ledger system. Triton mapped all of our earnings codes to specific General Ledger numbers that we provided so that we had a seamless integration when exporting the file out of the payroll system and into the General Ledger. We also upload our time from a time management system.

In my opinion Triton has some of the most qualified staff that I have ever encountered. When I have problems I get immediate assistance. The staff is very knowledgeable from the person that answers the phone all the way up to the Information Technology department. I have been very pleased with the quality of the service I have received and highly recommend Triton.

Joan Bohannon, Accounting Associate

	Hourly Paycheck Calculator
	W4 Calculator

The Human Resources function is constantly evolving, placing more emphasis on the strategic role HR professionals play within an organization. Using Triton’s Business Calculators can help the HR professional identify problems and offer solutions, and as a result increase the organization’s ability to compete.

Compensation Mix: all of 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: is 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: 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.

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: 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.

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.

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 Calculator for 2008: 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).

Turnover Rate Calculator for 2009: Tracking turnover can help you identify trends that provide an early indication of problems in compensation, management, workload, etc. This provides the human resources professional with valuable information that can be used to address issues before key employees are gone. This worksheet will calculate monthly, quarterly and annual turnover rates based on the data you input.

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.