What A Construction Worker On Your Payroll Really Costs
Are You Thinking About Adding Workers To Your Payroll?
In Some Cases - You may be better off outsourcing to a temporary labor service especially when you consider the cost of a bad hiring decision.
Our Construction Clients - Who have used temporary labor services have been satisfied and from our experience providing back office support for our contractor clients.
In Addition To The Costs - Of advertising, reading lots of good fiction (resume's), interviewing candidates because just like a seeing a brand new car on the showroom floor; job-seekers are the best they will ever be during the interview. After that it is all downhill and the only question is how far and how fast.
We Have Interviewed - Hundreds of construction workers for our past construction businesses that we owned and operated and found most of said they could do the job. Some could, some couldn't and it was always a surprise.
Human Resources - Is an area I will not even discuss here. For the smaller firms with annual sales volumes under $5,000,000.00 I strongly suggest you work with an employment attorney to develop your employment agreements.
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 an accountant like me would think about. The example below shows a full-time construction worker at $25.00 an hour working 40 hours a week. Notice this poor soul does has very fee benefits and they still cost the company $44.81 per hour!
Input Your Numbers To Get The Big Picture Now
Fill In The Boxes By Scrolling To The Bottom And Click Finish
To Send Yourself A PDF Report And Repeat As Often As You Like
Your Fully Burdened - Labor rate will not be the same as the example shown above. Simply change the numbers in the Light Blue Boxes to match your numbers and scroll to the bottom to get all your numbers in and if you want a PDF report sent to you click on the Green "Finish" Button." Do not get caught trying to track down the exact numbers, just get in the numbers you know for now. You can always come back later and do more calculations. This is a tool to help you get on track.
Consider Putting Together - A Business Strategy For Your Construction Company and include your fully burdened payroll costs along with What Is Ten Minutes A Day Costing Your Company. If you need help with it please contact us.
If You Are A Contractor You Deserve To Be Wealthy
Because You Bring Value To Other People's Lives!
This Is One More Example of how Fast Easy Accounting is helping construction company owners just like you 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 and me 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!
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.
Thinking About Outsourcing Your Contractors Bookkeeping Services?
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Call Sharie 206-361-3950
sharie@fasteasyaccounting.com
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About The Author:
Randal DeHart, PMP, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. He is the leading expert in outsourced construction bookkeeping and accounting services for small construction companies across the USA. He is experienced as a Contractor, Project Management Professional, Construction Accountant, Intuit ProAdvisor, QuickBooks For Contractors Expert and Xero Accounting Specialist and Bill.Com Certified Guru. This combination of experience and skill sets provides a unique perspective which allows him to see the world through the eyes of a contractor, Project Manager, Accountant and construction accountant. This quadruple understanding is what sets him apart from other Intuit ProAdvisors and Xero accountants to the benefit of all of the construction contractors he serves across the USA. Visit http://www.fasteasyaccounting.com/randal-dehart/ to learn more.
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.
Our Co-Founder:
Sharie DeHart, QPA, is the President of Business Consulting And Accounting (Fast Easy Accounting) in Lynnwood, Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations. She offers insights on managing the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. Call 1-800-361-1770 or sharie@fasteasyaccounting.com.
