Rates: Labor

The Labor Rates page lists the hourly rates and charge rates for the labor resource. These fields are used to calculate labor costs and charges on work orders.

Hourly Pay Rates are used to determine labor costs on work orders by multiplying the labor record's rate by the labor hours added to the work order. The types of hourly pay rates include:

• Regular: The labor record's regular, hourly rate.

• Overtime: The labor record's overtime, hourly rate.

• Other: The labor record's hourly rate for other work periods, such as holiday pay.

• Labor Charge Rates are used to determined the labor charge on work orders, using the following fields:

• Markup Percentage: Determines the labor charge on a work order by applying a markup percentage to the labor record's total cost. The total cost of labor (rate multiplied by hours worked) is increased by the specified markup percentage.

• Charge Rate: Determines the labor charge on a work order by multiplying the charge rate by the labor hours added to the work order.

  If both of these fields are defined, the Charge Rate is used to calculate labor charges on a work order. If neither is defined, labor charges equal labor costs.