It is difficult to calculate these values manually and while calculators make it easier, Excel is the preferred tool for finding these values over a range of cells.

The higher the number of iterations, the more time Excel needs to calculate the worksheet. In the Maximum Change box, type the amount of variation you will accept between calculation results.

Relying on Excel to do the math for you helps eliminate errors that can result in wage discrepancies, saves time and provides you with a comprehensive work record for each employee.