Labor Rate Calculation (Valuation: Calculate Cost Rate in Detail)

In this method of labor rate calculation, you use an integrated calculation of the fringe cost rate to reflect the fringe costs in detail. To do this, use the valuation Calculate Cost Rate in Detail.

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

The labor rate is not calculated until you have entered a basic wage for the worker in the Details view ► Labor Rate Calculation. Shift premiums, fringe cost, weekend premiums and performance bonuses are added to this basic wage, depending on the location, industrial sector and referenced calculation year.

Labor Rate Calculation with fringe cost rate calculation (Valuation: Calculate Cost Rate in Detail)

  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.

  2. In the Details ► Calculation view schema (combobox) select the »Calculate Cost Rate in Detail« valuation.
  3. 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 DetailsCalculation view schema (combobox).

  4. Define the following properties in the Details Calculation view schema (combobox):
  5. Details Fringe Cost
    Number of Working Hours per Day By entering a value for this property, the »Gross Working Time« and »Net Working Times are calculated.
       
    Holidays By entering a value for these properties, the »Absentee Days«, the »Net Workdays« and the »Fringe Cost Rate for Paid Absenteeism« are calculated.
    Vacation Days
    Christmas & New Year's Leave
    Sick Days
    Personal Leave Days
    Employee Meetings
    Training Days
       
    Paid Vacation Days Allowance By entering a value for these properties, the »Fringe Cost Rate for Special Payments« is calculated.
    Christmas Allowance
    Capital Formation Savings Payment
    Bank Account Administration Allowance
    Fringe Benefits
       
    Unemployment insurance By entering a value for these properties, the »Fringe Cost Rate For Social Security Contribution« is calculated.
    Health Insurance Contribution Rate
    Longtime Care Insurance Contribution Rate
    Pension Insurance Percentage
    Employers Liability Insurance
    Other Accident Insurance
    Insolvency Payment Contribution Rate

    The Fringe Cost Rate and the Fringe Cost are calculated.