Payroll FREE TEMPLATE

Fully-Burdened Labor Rate & Overtime Workbook

Total Cost of Employee & FLSA Weighted-Average Overtime Calculator

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Model Overview & Excel Structure

This template is engineered with open native Excel formulas matching the algorithms in our interactive web tools. Use it for corporate financial reporting, treasury analysis, or auditor documentation.

Live Formula Data Preview

Cost Component Hourly Cost ($) Annual Cost ($)
Base Hourly Wage $35.00 $72,800
Employer Taxes (FICA/FUTA/SUTA 9%) $3.15 $6,552
Health & Welfare Benefits $5.50 $11,440
401(k) Employer Match (4%) $1.40 $2,912
Paid Time Off (PTO / Holidays) $2.02 $4,202
TOTAL FULLY BURDENED RATE $48.00 / hr $99,840 / yr

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Frequently Asked Questions

What components are included in the Fully Burdened Labor Rate?

Base hourly wage, employer payroll taxes (FICA/FUTA/SUTA), health & welfare insurance, 401(k) retirement match, paid time off (PTO), and workers' compensation.

How does FLSA Weighted-Average Overtime work?

Under 29 CFR 778.115, when an employee works at two different pay rates in the same workweek, regular rate of pay = total straight-time pay / total hours worked. Overtime is paid at 0.5× regular rate for hours over 40.

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