Our team has created a simple Excel model that calculates how many employees your business can afford based on your expenses during “normal times.” It is broken down month-by-month through the beginning of 2021 to allow you to be more flexible when assessing your situation. We have also provided a range of different revenue projections for these months, as we understand your revenue during the pandemic might not meet pre-pandemic expectations.

Keep in mind that the number of employees this model calculates is based on your average cost per employee — because of this, we also highlight the total amount available to spend on employees after accounting for expenses in case you have multiple pay scales.

The video below explains how to use the model in more detail.