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Labor Rates

Set burdened labor costs so job costing reflects real cost.

Labor Rates

Setting labor rates allows you Werx to automatically track your approximate labor costs for each project when using Werx Time Tracking.

By setting a users pay rate, benefits, taxes, Insurance, etc, Werx will be able to calculate an estimated hourly labor cost for each user. When the user records time against a project, the estimated hourly labor cost will appear in the projects Time Tab.

This section may contain sensitive payroll details and should only be shared with those within your organization with authorization to view payroll information. Also, when using labor rates feature, calculated estimated rates for each user will be displayed within the projects time tab.

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Set User Labor Rates

There are two methods for setting user labor rates:

Method 1

  1. In the account admin section and select Users from the left navigation
  2. Click on a user
  3. Click on User Rates tab
  4. Enter users pay rate. You can select Per Hour for hourly employees or Per Year for salary employees.
  5. Enter Hourly rates for Benefits, Taxes, Insurance, Union Cost, and Other hourly calculated costs your company pays.
  6. Select if user is Eligible for Overtime
  7. Bottom section of this screen will display the calculated hourly rates for regular hours as well as overtime and double time _(if applicable)_
  8. Click Save in the bottom Right

Method 2

  1. In the account admin section and select Labor Rates from the left navigation
  2. In the list of users, enter users pay rate. You can select Per Hour for hourly employees or Per Year for salary employees.
  3. Enter Hourly rates for Benefits, Taxes, Insurance, Union Cost, and Other hourly calculated costs your company pays.
  4. Select if user is Eligible for Overtime
  5. The far right of each row will display the calculated regular hour costs.

Note: If Selecting "Per Year", the hourly rate is calculated by dividing the yearly rate by 2,000 hours. _(Example: $50,000 per year would equal $25 per hour.)_

Note: Your payroll service should be able to give you the amounts for these fields