Excel Pay Rate and Downtime Cost Calculation video demonstration will help you to calculate the payment by hour In Excel.
In this video demonstration, we have also covered how to calculate the cost of downtime during system outages when you are aware of the cost incurred per minute.
We are also briefly covered how to calculate the cost to company based on the hourly rate. In the CTC section, we have tried to cover how to calculate the weekly and yearly rate based on the hourly rate.
Click on the following button to download the file used in the demo to practice along with us.
We also included the reverse method that is when you have the annual amount, you can calculate the weekly in hourly rate research in your organization. In case you get stuck, write your questions below in the comments section, and I will be happy to help you.
I hope that you’re enjoying learning Excel through this Excel learning series with Syed. I request you to share these videos with anyone who desires to learn Excel from scratch.
Excel Learning Series – TOC
- Excel 2016 – Basics – Find Sum, Average, Min and Max
- Excel 2016 Difference Between Formulas and Functions
- Excel 2016 Copy Formulas or Functions
- Microsoft Excel Auto Fill
- Excel 2016 Manage Views using Freeze Panes
- Microsoft Excel – Saving Workbooks
- Excel Upper and Lower Text Functions
- Excel 2016 – Text Function – Proper
- Excel Text Functions – Trim Function
- Excel – Text Function Left Function
- Excel Text Function – Right Function
- Excel Text Functions – MID Function
- Excel Concatenate Text Function
- Excel Nested Functions
- Excel Search Function
- Excel – Calculate Age using Date Function Today
- Calculate Tenure in Excel with Days Function
- Autofill Dates in Excel
- Formatting Dates in Excel
- Excel Date Format Shortcut
- Calculating Sum of Time in Excel
- Calculate Expiry Date in Excel 2016 – EDATE
- Find Age or Tenure using DATEDIF in Excel 2016
- RandBetween – Generate Random Dates in Excel 2016
- Excel Weekday Function
- Excel WeekNum and ISOWeekNum Functions
- Excel Networkdays and Excel Networkdays.INTL
- Excel Workday and Workdays INTL Functions
- Excel DATEVALUE AND TIMEVALUE
- Calculate Time Difference in Excel
- Calculate Quarter in Excel
- Rounding Day, Hour and Minutes in Excel
- Excel Pay Rate and Downtime Cost Calculation
- Excel Logical Functions IF, AND, OR
- Calculate Bonus in Excel Using IF Function
- Excel Learning – SumIF and SumIFS
- How to use Excel Count Functions
- How to use VLOOKUP in Excel
- How to vLookup in a different workbook in Excel
- VLookup for Multiple Sheets with Example
We hope you find this article useful. In case you are stuck and or need help, feel free to drop a comment below or submit your question. Do share it further and add your feedback about the article in the comments section.