What Products Help Calculate Labor Burden?

Are there any products that can help me perform these labor burden calculations and scenarios more quickly and easily?

Yes, over the years of working through these calculations with literally hundreds of clients from a wide range of industries, we have developed our Qlean$tart Worksheet: Employee Cost & Pricing Analyzer. This handy Excel spreadsheet kicks off your information-gathering with the recommended Reference Sheet. Then, with minimal entry, it automatically performs all of your labor burden calculations for up to 40 individual employees.

You will immediately see your regular and overtime Labor Burden percentages and true production costs (annual, per hour, and even down to the minute!) for each employee. It even reveals what you need to charge per hour for each production employee based upon your desired gross profit percentage.

Additionally, there is a “Summary & Links Sheet” that shows your results in a summary format for each employee. You can use this sheet to accumulate results for various “groups” or “levels” of employees so that you can create estimates and/or establish pricing based upon employee expertise or experience levels.

BONUS #1 - We’ve included a special “Cost of Lost & Wasted Time” sheet with 4 different scenarios that you can use to quickly and humorously illustrate to employees how their actions can have a dramatic impact on the company.

BONUS #2 - If you are a QuickBooks user you will see the exact percentages to use in employee records for automatic QuickBooks labor burden allocations. (Complete instructions for integration into QuickBooks management and job-cost reports included.)

Online demo for the Employee Cost & Pricing Analyzer.

Purchase the Employee Cost & Pricing Analyzer