Whether you’re a one-man show or have several employees, you’re leaving money on the table – or worse – if you don’t factor in all of the costs of labor in your estimates and invoices. This includes direct expenses, such as payroll taxes, insurance, and any benefits you offer, as well as indirect expenses, such as phones, vehicles, and any tools that you provide. In this concise article, business consultant and Remodelers Advantage facilitator Judith Miller explains how to accurately calculate those costs and determine your total burdened labor rate.
Are You Charging Enough for Labor?
