How to Calculate your Labor Burden

In this video we show you how to calculate your burden rate for an hourly employee. This will allow you to understand what your total cost is for an employee on an annual and hourly basis. We will do a breakdown of what the cost of an employee is without benefits and the with benefits. Understanding how this hourly cost to your construction business differs from that of the hourly amount you charge your customer is very important. For more information, please feel free to check out our content at www.24hrbookkeeper.com