Are you counting the real costs for your employees?
The national average hourly wage for janitors is $13. The true cost can be 20% higher with payroll taxes and workers' comp. Now you're at $16 an hour.
Which number are you using when you bid on a job contract? The actual cost is the loaded pay rate, the number you need to track, and fortunately, Pro can track this true labor cost for you.
What Are Loaded Pay Rates?
A loaded pay rate is your total labor cost for an employee. It includes all of the costs associated with an employee:
base rate +
payroll taxes (7.65%) +
workers' comp +
benefits.
You'll want to use loaded pay rates for job costing. Otherwise, you don't have an accurate reflection of your true job costs. You can do that in Chronotek.
How to Set Your Loaded Pay Rate
Go to settings ⚙️
Payroll tab
Labor Overhead menu item (toggled on by default)
Click the arrow next to "On"
Check the box and insert your Labor Overhead rate, save
Now you can see the actual costs for each job on the screens.
This sets your default loaded labor rate, but you can set different rates for different pay profiles. For more details, check out the article, What Are These Different Pay Rates?
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