Understanding Labor Cost, Productivity & Efficiency
The accounting industry is labor intensive. Even with the modern technical advances, it’s still important to build a competent labor force. It is crucial for you and your clients to understand and measure the true costs of having an employee work with your clients. This seminar will demonstrate how to determine the true cost of field labor.
• Outline all costs that should be included in a fully burdened labor rate
• Identify direct job costs hiding in overhead costs
• Utilize job costs to determine billing rates
• Apply information learned to avoid reduction of profits due to growth in volume causes