How to Calculate Labor Cost
Labor Cost is a Very Important Key Performance Indicator (KPI)
The thing to remember is that the more tools, training, and support the firm provides for its staff, the more efficient the staff will become.
This will increase the firm’s capacity to be more productive with an ever-improving Labor Cost Ratio.
Fill out the form below and get instant access to the step-by-step formula for calculating your labor cost ratio and percent.