Burdened Labor Costing the First Step to Profitable Retail Labor Pricing!
As presented in the WQA Business Operations Boot Camp…
Calculate Your Sample Numbers….
A direct employees hourly wage x 5= Estimated Burdened Labor Cost
Estimated Burdened Labor Cost x 8 Hours = Total Revenue Needed to be Produced Every Day
Total Revenue Needed to be Produced Every Day / Your Current Retail Labor Rate (Amount You Charge Customers Per Hour For Labor) = Total Number of Hours Required to Bill Each Day to Break Even
Note this is the total number of hours required to be to BILLED each day just to break even!
Are you hitting your numbers?
Are you hitting your numbers on a daily basis? Weekly? Monthly? Yearly?
Calculate your Burdened Labor Costs for your direct labor employees based on your numbers with the Apex eSuite.
Make your – Service as a Profit Center!
NOTE: THESE ARE NOT EXACT NUMBERS THEY ARE SIMPLY A WAY TO TEST YOUR NUMBERS