Arbeitskostenrechner — Formel

How to Calculate Labor Costs

Formula

Total Labor Cost = Hourly Rate x Hours x Number of Workers

Labor is typically the largest expense for service businesses and contractors. Accurate labor cost estimation is critical for profitable bidding and project management.

Lösungsbeispiel

3 workers at $35/hour for 40 hours each.

  1. Cost per worker = $35 x 40 = $1,400
  2. Total labor cost = $1,400 x 3 = $4,200
  3. Daily labor cost (8hr day) = $35 x 8 x 3 = $840