How to Calculate Your Labor Rates

Pricing for sustainability, profitability and growth. It can be a difficult concept to wrap your head around, and even harder to master, but it’s also one of the keys to achieving ongoing success in the industry. So where do you start?

In the latest installment of our Plan, Measure, Perform series, financial expert Gary Elekes illustrates in simple terms what factors need to go into establishing your demand service labor rate. Plus, a segment on calculating efficiency with regards to selling labor – and how to increase profit as you increase efficiency.

Plus, Weldon Long introduces the EGIA Foundation Scholarship aimed at solving an ongoing employee shortage in the trades and increasing the influx of young talent into the workforce. Learn more at alwaysindemand.com.