Labor Cost Calculator

Having trouble determining your labor costs? Use Modisoft labor cost calculator, designed to help you quickly and accurately calculate your labor costs, so you can make more informed business decisions. This labor cost estimator is a time-saver for businesses looking to determine the amount they spend on employees.

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    Please refer to our Privacy Policy for more details.

    How does the Labor Cost Calculator work?

    The formula to calculate the labor cost is

    Labor cost percentage = Total labor cost/total revenue

    Modisoft’s labor cost calculator calculates the labor cost on the basis of the values you provide for annual gross hours, hourly pay rate, absent hours, additional annual costs, total revenue, and total employee count. This tool will calculate

    Your employee’s total gross pay

    Annual payroll labor cost

    Total net hours worked

    Labor cost percentage

    Other annual costs

    When to use the Labor Cost Calculator?

    A labor cost calculator is an essential tool for businesses looking to plan their budget, manage payroll, or do comparative analysis. A labor cost estimator can be used when

    Evaluating pricing & costing

    Opening a new business

    Expanding your team

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