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Knowing the True Cost of Labor is critical to managing your business. You must know what labor really costs you to best determine how to price your products and services. The largest determining factor in business profits is the management of labor costs. Most business owners know the cost of their materials and overhead items but the cost of labor is a guess. With True Labor you will not only know the cost of your labor per hour both for each individual but also by department. With this knowledge you and your managers will have the information to help them control costs. This workbook also has a printable page for your employees and managers so that they are aware of what you are paying them which is much larger than the hourly wage. Key Benefits of True Labor Costing
Pricing
INDIVIDUAL LABOR COST EXAMPLE:
DEPARTMENTAL GROUP COST EXAMPLE:
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