Hours/Month = Hours-per-day * (30 – (weekend-days * 4))

Hourly-Rate = Salary / {Hours/Month}

Lost-Hours = Days-Off x Hours-per-day

Lost-Dollars = {Lost-Hours} * {Hourly-Rate}

To calculate employees hourly rate

To calculate financial and time loss as a result of an Incident

To calculate loss sustained by the organization as a result of employee absense from work