Payroll Budgeting & Forecasting Tool

Projects future payroll costs based on your starting point and annual assumptions.

Enter your current annual payroll cost and the forecast duration.

Base Annual Payroll Cost ($):

(Total cost for all employees - salary, wages, taxes, benefits - for the current year/starting point.)

Starting Number of Employees:

Forecast Period (Years):

Enter your expected average changes per year over the forecast period.

Average Annual Compensation Increase (%):

(Average percentage increase in overall pay, benefits, and taxes for existing employees due to raises, benefit cost increases, etc.)

Number of New Hires Per Year:

(Average number of employees you expect to hire each year.)

Average Cost Per New Hire (Annual $):

(Estimate of the total annual cost (salary, taxes, benefits) for an average new employee.)

Annual Turnover Rate (%):

(Percentage of employees leaving the company each year.)

Average Cost Per Employee (Annual $):

(Estimate of the average total cost (salary, taxes, benefits) per employee. Used to estimate savings from turnover.)

Add any other anticipated annual cost changes that apply *each year* of the forecast (e.g., new software cost, specific program costs).

Enter details in the tabs above and click Forecast.