You started your Construction Company, Handyman Business, House Builder, Specialty Contractor or another form of contracting because you wanted to be your own boss, make a lot of money and enjoy some personal freedom.
Most construction workers are good decent people who enjoy working with their hands making, building, repairing, remodeling and fixing homes and commercial buildings.
Fully Burdened Construction Worker Cost - Simply means what it will cost you to hire someone including the company portion of the payroll taxes and all those little costs that only a construction accountant like me would think about. The example below shows a construction worker earning $25.00 per hour working 40 hours per week with basic benefits.
Considering The Cost Of Construction Worker on your payroll including taxes and overhead will be 1.3 to 2.0 times the hourly salary you are paying them is why labor is your most expensive cost in running a construction company.
#1 Ask them to fill out an application in person and give them a pen with blue ink. You can learn a lot about a person including if they follow directions. Their handwriting, spelling, and grammar speak for itself. Make certain the application clearly states you have the right to run a background check, and you will ask for a drug test before considering them eligible for hire.
#2 Subscribe to a service that will run a background check including as much detail as possible
#3 Ask them to get a copy of their driving record. This is huge! If there are any DUI, Reckless Driving or other serious offenses perhaps it would be best to pass on them. If they are not respectful or men and women who carry guns and are licensed to kill, law enforcement officers they will not show you, your other employees or your customers and clients any respect.
Offer Probationary Period 30 days Or More. Most people will get comfortable and show who they are within 30 days.
For Construction Company Owners who do not need the full power of a QuickBooks for contractors and want 24/7 online access we offer Xero Accounting Online and we have custom setup for construction companies. Click Here For More.
This Is One More Example of how Fast Easy Accounting is helping construction company owners all across the USA including Alaska and Hawaii put more money in the bank to operate and grow your construction company. Construction accounting is not rocket science; it is a lot harder than that and a lot more valuable to people like you so stop missing out! Call Sharie 206-361-3950 or sharie@fasteasyaccounting.com and schedule your no charge one-hour consultation.
Profitable Contractors and Construction Company owners have known about the value of outsourced bookkeeping services and contractor coaching services like ours for a long time and now you know about it too!
Thank You For Reading This Far And I Hope You Understand we really do care about you and all contractors regardless of whether or not you ever hire our services.
We Scan Your Receipts And Invoices link the appropriate transactions to QuickBooks or Xero Accounting Online depending on the construction accounting service you are using and provide ongoing Cloud Based Contractors Bookkeeping Services by accountants who understand construction.
About The Author:
Our Co-Founder Randal DeHart - Is a Certified PMP (Project Management Professional) with several years of construction project management experience. His expertise is construction accounting systems engineering and process development. His exhaustive study of several leading experts including the work of Dr. W. Edward Deming, Michael Gerber, Walter A. Shewhart, James Lewis and dozens of others was the foundation upon which our Construction Bookkeeping System is based and continues to evolve and improve. Check out our Contractor Success Map Podcast on iTunes and Follow Randal on Google+