Labor Burden Is a Crucial Concept for Running a Profitable Integration Business
If you hear the term “Labor Burden” and you want to glaze over a bit, don’t Understanding Labor Burden, as applied to the direct hourly cost of your billable labor (Technicians, Engineers, Programmers, Project Managers, etc.), may just change your business. Labor burden is a crucial concept in running a profitable company. It helps managers understand the true costs and resulting profitability of people, projects and departments. It helps to determine how you should be pricing your labor, and when to hire more when needed. […]