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.

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

You will need:

Profit & Loss for last quarter

Payroll Summary for last quarter

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

Let's do it!