Labor Rate Calculation (Valuation: *Calculate Cost Rate)

The labor rate is calculated by adding shift premiums, fringe cost, weekend premiums and performance bonuses to the basic wage, depending on the location, industrial sector and referenced calculation year. Use the valuation *Calculate Cost Rate.

For maintained master data, you can either use company-owned data or FACTON Benchmark data. Depending on the calculation context, the following values are determined by the value rules:

Basic Wage Fringe Cost Rate Personal Allowance Rate Performance Bonus Rate

Further Information Wages

You can override the determined values with F12.

 

Labor Rate Calculation with precalculated fringe cost rate (Valuation: *Calculate Cost Rate)

• You are logged in as a Calculator.
• You are in the Calculations workspace.
• You have opened a calculation. see Search and Open Calculation
• You are in the Structure view.

1. Select the Worker or Setup Worker you wish to manually enter the labor cost rate for.

   The Details view opens on the right side. In the Calculation view schema (combobox), the »*Calculate Cost Rate« valuation is set.

2. Select a Labor Group.

   If respective master data are maintained, the labor costs are calculated. A detailed labor rate calculation breakdown can be found in the Details ► Calculation view schema (combobox).