THE TRADIE LABOUR COST CAL

What Is The Tradie Labour Cost Calculator?

This is a tool to help you understand your labour costs properly
so you can make sure you charge enough to cover them.
Lots of people don't realise just how much their tradies and apprentices
are costing them and don't charge enough.

Use this tool to confidently understand how much your tradies

are costing you (so you charge enough to cover them properly
AND their non-charged time) without getting told you are overcharging.

How to use this template

This is a template so it's a 'View Only' document.

Click on 'File' - 'Make a copy' and then rename it so you can edit with your numbers.

All of these numbers are dummy data. It's just to give you an example.
Start plugging in your own numbers in the GREY cells.

Be careful - the formulas aren't protected, so you can overwrite them and spoil the template.
We've left them unprotected deliberately so you can adapt the template to suit your business.
UR COST CALCULATOR
Click this link and watch the video for full instructions on how to use this calculator!

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 Company Name Year 2022

Your Labour John Fred Steve Dan

Worker Type Employee Subcontractor Casual Worker Sr. Apprentice
Hourly Rate $25.00 $40.00 $25.00 $20.00
Superannuation Yes No No Yes
Workcover Yes No No Yes
Holiday Days 20 0 0 20
Sick Days 10 0 0 10
Public Holidays 9 0 0 9
TAFE Days 0 0 0 40
Work Hours 40 40 40 40
Job Efficiency 80% 80% 80% 80%
Superannuation Rate 10.0% 10.0% 10.0% 10.0%
Workcover Rate 3.0% 3.0% 3.0% 3.0%
Payroll Tax 0.0% 0.0% 0.0% 0.0%

True Cost of Labour John Fred Steve Dan

Annual Pay $52,000 $83,200 $52,000 $41,600
Superannuation $5,200 $0 $0 $4,160
Workcover $1,560 $0 $0 $1,248
Payroll Tax $0 $0 $0 $0
Total Cost $58,760 $83,200 $52,000 $47,008
Cost per Employed Hour $28 $40 $25 $23
Cost per Charged Hour $42 $50 $31 $41

Work Days in Year 260 260 260 260

Work Hours in Year 2,080 2,080 2,080 2,080
Net Work Days 221 260 260 181
Net Work Hours 1,768 2,080 2,080 1,448
Actual Work Hours 1,414 1,664 1,664 1,158

Chart

Worker John Fred Steve TrueDan

Cost of Labour
Set Rate $25 $40 $25 $20
Actual Cost $42 $50 $31 $41Rate
Set Actual Cost

60

50

40
hour

30
 Set Rate Actual Cost

60

50

40

Per hour
30

20

10

0
John Fred Steve Dan Jack 0 0

Instructions

Step 1 Fill in your workforce information in the Your Labour section

Step 2 Discover the true cost of your labour
 Jack
Jr. Apprentice
$15.00
Yes
Yes
20
10
9
52
40
80%
10.0%
3.0%
0.0%

Jack 0 0 0 0
$31,200
$3,120
$936
$0
$35,256
$17
$33

260
2,080
169
1,352
1,082

e Cost of Labour
Jack $0 $0 $0 $0
$15
Set Rate $33
Actual Cost
Set Rate Actual Cost

k 0 0 0 0 0 0 0
0 0 0

$0 $0 $0
 Annual Pay Superannuation Workcover Total Cost

Hourly Rate multiply by Annual Pay multiply by Sum of Annual Pay,

How To Annual Pay multiply by
the Work hours in a Supperannuation rate Supperannuation,
Calculate Workcover rate (3%)
year (10%) Workcover, Payroll tax
Cost per Employed HourCost per Charged Hour Work Days in Year Work Hours in Year Net Work Days

Total Cost divided by Working Days in a year Work Days in year less
Total Cost divided by Work Days in year
actual work hours in a (Use the Dropdown to public holidays, holiday
work hours in a year multiply by 8 hours
year pick a year) days, sick days
 Net Work Hours Actual Work Hours

Net work days multiply

80% of Net Work hours
by 8 hours