Fully loaded labor rate calculator
Fully loaded labor rate
An employee costs a lot more than their wage.
Add payroll taxes, workers' comp, insurance, benefits and paid time off, and see what one hour of their work really costs you.
The pay
$
hrs/wk
days
%
Hours they actually work
On top of the wage
$
$
%
%
Labor burden per year
Real cost per hour worked
what the hour really costs
The burden, per year
Payroll taxes
Workers' comp and liability
Health and retirement
Labor burden rate
One hour, from wage to real cost
Wage
Paid time off
Taxes, comp, insurance, benefits
Per billable hour
Price every hour at what it really costs. MotionOps Job Costing compares each job's revenue with its actual labor and material costs.
Book a DemoHow do you calculate a fully loaded labor rate?
Take a year of wages and add everything you pay on top: payroll taxes, workers’ comp, insurance and benefits. Divide by the hours the employee actually works, after paid time off. Example: ($62,400 + $20,398) ÷ 1,952 hours = $42.42 an hour.
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