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Download Total Compensation Spend Rate Excel Template

Total Compensation Spend Rate Calculator is an excel template with predefine formulas to calculate percentage of Compensation Spend against operating costs of an organization.

Enter only 3 details and it will calculate Total Compensation Spend Rate for you. Before we proceed to the template contents, we need to first understand the TCSR.

Thus, This template can be useful to HR Assistants, HR professionals, Company Managers to design their strategies. It is also helpful to Accountants for budgeting purposes.

Total Comp

Therefore, Compensation is total of cash and non-cash payments made to an employee against their work.

Moreover, The percentage of costs spent on employee compensation includes salaries, overtime pay, benefits, incentives, bonuses against the company’s total operating costs.

Although, TCS rate (Total Compensation Spend Rate) provides insight into human capital costs. So, Evaluating fixed and variable compensation against total compensation helps in preparation/estimation of budget, Planning recruitment, defining/designing/amending your compensation strategies.

Total Compensation meaning

Furthermore, We have created a simple TCS Rate Calculator excel template with predefined formulas. You can calculate the TCS rate in two ways with this template.

Thus, One is by entering directly the figures for operating costs, direct compensation, and indirect compensation. Second by entering detailed amounts of each head.

How to Use the TCSR Calculator?

So, This template consists of 2 sections:

  1. TCR Rate Direct Calculation
  2. TCS Rate Detailed Calculation

1. TCS Rate Direct Calculation

However, You can use this section if you have the totals of the required fields in hand. Enter the totals of Direct Compensation, Indirect Compensation, and Total Operating Expenses.

So, Applying the above-mentioned formula, it will automatically calculate the TCS Rate for you.

2. TCR Rate Detailed Calculation

Therefore, In this section, you need to enter amounts one by one and the final total of each head will be displayed in the summary section.

So, Under the Direct Total Compensation package Section, you need to enter the following details:

Basic Pay
Differential Pay
Short And Long-Term Incentive Pay
Total Rewards Hr

Similarly, under the Indirect Compensation Section,  you need to enter the following details:

Medical/Dental/Life Insurance
Leave Pay
Flexible Benefits

So, Under Operating Spend you need to enter the fixed and variable operating cost.

The summary section displays the totals of direct compensation, indirect compensation, and Operating Spend.

How to Use this Total Compensation Spend Rate Excel template

Our editable Excel templates for data analysis are easy to use and can save you a significant amount of time and effort. Here’s how to download and use one of our templates:

  1. Download: Once you’ve browsed through our collection of templates and find the one that best fits your needs. Once you’ve found the template you want, click on the download button.

  2. Replace sample data with your actual data: Once the template is downloaded, open it in Excel. You’ll see that it is already set up with sample data. To start analyzing your own data, simply replace the sample data with your actual data.

  3. Customize the template: Our templates are completely editable, which means you can customize them to fit your specific needs. For example, you can change the formatting, add or remove columns, or create new charts and graphs.

  4. Use the Excel template: Once you’ve fed in your data and customized the template, you’re ready to start using it for data analysis. Use the various tools and features of Excel to analyze and visualize your data, and make informed business decisions.

  5. Save and share: Once you’ve finished working on the template, save it to your computer and share it with other members of your team or stakeholders as needed.

In summary, our editable Excel templates for data analysis are easy to use and can save you a significant amount of time and effort. Simply, download the template, replace sample data with your actual data, customize it as per your requirement, use it for data analysis, and save or share it with others as needed. With our templates, you can quickly and easily analyze your data and make informed business decisions.

Click Download Button To Get Total Compensation Spend Rate Excel Template

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