This calculator can help you determine final payout amounts for employees who are leaving your company and have accrued PTO balances that must be paid off.

If you have a salaried employee, this calculator will automatically compute and use their effective hourly rate based on the employee’s salary and the number of hours the employee typically works each week.

Calculators like this are handy, but they don’t let you track time-off balances or usage, and they don’t store 2 years of historical data that the government requires from every business. That’s why you need Timesheets.com. In addition to time tracking, we manage time-off balances, usage, and more. You can try Timesheets.com for free and use it for 15 days. We charge only $5.50 per user so click on the free trial button right now, and see what you think!