The Hourly Rate Calculator

Overhead Recovery Analysis Template

If you can control your labor you control ultimately your profitability, especially in a service based business involving technicians or mechanics for example. Your profit on your materials should look after itself as you should be putting sufficient mark up/profit on materials anyway so for the purposes of this explanation materials are all looked after with a healthy profit margin.

The calculations below therefore only involve labor costings not materials and are centered around overhead recovery analysis for a service based business using an automotive repair shop as a working example for our hourly rate calculator.

This process can be used also however as an hourly rate calculator for any service based business. You could use this to calculate an hourly rate for consulting services for example. Again this calculates labor rates only and no materials are involved in this calculation process.

See How to Use the Overhead Recovery Analysis Template

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If you need more information on the Hourly Rate Calculator, please download the sample file which gives you the working examples from the video. A full working explanation is supplied when you purchase the Hourly Rate Calculator (Overhead Recovery Analysis Template).

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