Every time your company hires someone new, both parties agree on an annual or hourly pay rate. This might seem like stating the obvious, but the difference in the two methods is important when it comes time to calculate an employee’s net or take home pay. Time Clock Wizard’s free salary calculators will take the guesswork out of payroll for you.
The Challenge of Salaried Employees
Take salaried employees, for instance. As a manager, you know you there’s more to calculating their take home pay than diving their annual salary by the 52 weeks in a year. Obviously, there are many more things you have to take into account. Taken together, these factors can turn what seems like a simple process into something you dread every time payday comes around.
This is the exact spot where our free salary calculators can step in and help. Read on to find out exactly what they can do for you.
Two Types of Salary Calculators
On the other hand, you have to be efficient at all times. Your managers just don’t have time to deal with clumsy spreadsheets, mathematical mistakes, and tax withholding issues. They need an easy yet error-free way to get their people paid without a hitch. Otherwise, you’ll have long lines in front of your payroll office every other week and a turnover rate that no company can afford.
Without a solution to the ongoing payroll problem, you’re certain to end up losing your competitive edge. Once this happens, your company will find itself at the bottom of the heap with nowhere to go but further down. But don’t worry– it’s not all doom and gloom on the payroll front. Time Clock Wizard has just the middle of the road solution you need. Now, let’s have a look at what our menu of free wage calculators can do to make your life easier.
Why Choose a TCW Salary Calculator?
Our salary calculators come in two different version for each of the 50 states. The first is called a salary payroll calculator. The other version is known as a salary paycheck calculator. Quick, accurate, and easy to use, both of these salary calculators can compute a salaried employee’s take home pay with very little effort on your part. All you need to do on your end is input the employee’s annual salary, the length of the pay period, and the applicable federal, state, and local tax information.
For most employees, there will be a few other deductions to figure in as well, but you can still enter everything thing you need in a matter of minutes. Then, you can move on with your day and let the calculator take care of the rest.