Free Employee Hourly Cost Calculator - Version 3.0 We all know how much we pay employees by hourly or salary, but that is no indication of what their real hourly cost is. Too often we operate our businesses without understanding the real costs of having employees. This simple and straight forward Hourly Costs Calculator will automatically display your true hourly cost of your employees by allowing you to enter all potential Employee Costs including: Employer Paid Taxes; Workers Compensation Insurance; Paid Vacation, Sick, Holiday & Training Hours; Any type of benefit, regardless of the frequency. This free excel tool makes it simple to view that critical employer cost, so you are not longer in the dark when it comes to your company costs. Download this free application today.