We all know that employees are an expensive, but necessary, component of doing business. Company owners count on an honest day’s work for an honest day’s pay, and have a right to expect both service and value from staff and direct labor employees in return for their compensation. Additionally, to make a profit, every company needs to accurately determine employees’ costs and what to charge for their time.
But determining true hourly worker costs can be challenging. This article examines the challenge and explores the Qlean$tart® Labor Burden Calculator. This Excel-based product helps you and your clients compute the full, true cost of employees’ production time and determines exact amounts they should use to estimate, and charge for, labor-related services or products. As a consultant, you can add a variety of valuable training, coaching, and support services to your company using this Excel-based analytical tool. Please note that a 20% alliance discount is available to Sleeter Group Consulting Network members.
To read the full article about computing and utilizing Labor Burden calculations, click here to view the pdf.