Download Total Compensation Spend Rate Excel Template

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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
Bonus

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

Benefits
Disability
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.

Download Total Compensation Spend Rate Excel Template

To use this free Excel Template, you should have Microsoft Office/ Microsoft Excel. You can only use this template if you have these applications in your system. or Use, Google Sheets. 

After installing Excel or Spreadsheet, download the xlsx file of this template to use it

Once extracted, you can open the file using Excel and start entering data or customizing the template.

Click The Button Below To Download Total Compensation Spend Rate Excel Template

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