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OMB APPROVAL OMB Number 3235 0045 Estimated Average Burden Hours Per Response  Form

OMB APPROVAL OMB Number 3235 0045 Estimated Average Burden Hours Per Response Form

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Hi I'm Karine from 24hr Bookkeeper. Why should you care about labor burden? We've all heard. You should be tracking your labor burden. Great, but how do I do that exactly? I'll tell you all about it today. I'm also gonna tell you why it's important, what kind of information to include, and how you can incorporate it on all your jobs moving forward. When we think of an employee cost, we might only be thinking about their actual wage, but if you really think about it, an employee costs a lot more than just their wage because you have to pay taxes, health insurance, vacation pay, or you could have provided them with a company cellphone. Make sure you don't forget that these are really important costs, and they should be included as part of your employees cost calculation. As much as I didn't give you the description for labor burden, that's basically what it is. The employee wage plus every tax and benefit above it. This information is most crucial when you create your estimate. When you

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