How to Calculate Your Labour Cost

Labour is the human element of your business & an important key performance indicator of how well your business is working. It is reflective of how efficient your team is, your scheduling, your training and it tells us a story about you as a manager, your team, & its dynamics. Yep, it tells a LOT about your business.

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In this video, we walk you through how to work out your Labour Costs so you can start measuring this element of your business.

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You will need:

Profit & Loss for last quarter

Payroll Summary for last quarter

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Note: ATO Benchmarking: https://www.ato.gov.au/Business/Small-business-benchmarks/In-detail/Benchmarks-A-Z/

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Let's do it!

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