The chart every payroll desk keeps taped up
Decimal hours are minutes ÷ 60 rounded to two places: 15 minutes is 0.25, 20 is 0.33, 45 is 0.75. This chart covers all sixty minutes so a paper timesheet can be converted line-by-line without a calculator. The quarter-hour values (0.25 / 0.50 / 0.75) are exact; everything else is the standard two-place rounding.
Converting more than a few values? The decimal hours converter has a batch mode that converts a pasted column at once. And totals it accurately from exact minutes rather than the rounded decimals.