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Payroll Budget Calculator

Project your company's total annual payroll budget including planned raises, new hires, benefits, and employer payroll taxes. Ideal for HR teams during annual budget planning cycles.

Number of Employees (employees)

Average Annual Salary ($)

Benefits Cost (%)

Employer Payroll Tax Rate (%)

Annual Salary Increase (%)

Planned New Hires (employees)

Fill in the required fields to see your result.

Payroll

Employee Cost Calculator

Estimate the true annual cost of hiring an employee beyond base salary. Accounts for health benefits, employer payroll taxes, unemployment insurance, workers' compensation, and overhead.

Annual Salary ($)

Health Benefits (Annual) ($)

Employer Tax Rate (%)

Unemployment Tax Rate (%)

Workers Comp Rate (%)

Other Benefits/Overhead ($)

Fill in the required fields to see your result.

Key differences

	Payroll Budget Calculator	Employee Cost Calculator
Category	Payroll	Payroll
Inputs required	6	6
Result	Annual Payroll Budget ($)	Total Employee Cost ($)
What it does	Project your company's total annual payroll budget including planned raises, new hires, benefits, and employer payroll taxes. Ideal for HR teams during annual budget planning cycles.	Estimate the true annual cost of hiring an employee beyond base salary. Accounts for health benefits, employer payroll taxes, unemployment insurance, workers' compensation, and overhead.