Any company that utilizes a labor force to produce goods or services needs to know how much that labor really costs. It is crucial for business owners and managers to understand and measure the true costs of paying in-house employees. However, it is even more important to measure and track the costs of sending an employee out in the field. This session will teach you how to determine the true cost of your labor and develop labor metrics to manage profitability.
Determine all costs that should be included in a fully burdened labor rate.
Uncover direct labor costs hiding as overhead.
Learn how to utilize this information to determine your billing rates.
Discover how to measure and track labor utilization and use that metric to improve profitability.
Leslie Shiner—author, speaker, and trainer—has more than twenty years’ experience as a financial and management consultant. She is also the author of numerous publications that focus on the construction industry including A Simple Guide to Turning A Profit as a Contractor. Ms Shiner is an engaging speaker with a long history of rave reviews. She continues to receive high praise for her ability to make financial management interesting, understandable, and even entertaining.