What is a Labour Cost Model?

Cost modelling is one of the best techniques used by professionals to get answers to complex business questions. Here are a few examples:

Baseline labour cost

Understand your current all-inclusive labour cost (hourly pay, allowances etc.) and identify improvement opportunities.

Cost benchmarking

Compare the cost of labour against the award or competitor enterprise agreement. Measure and improve performance of different departments.

Wage cost modelling

Investigate relationships between hours of work and applicable pay rates. Improve accuracy of your budgeting process.

Allowance cost modelling

Determine the true cost of an employee, taking into account minimum entitlements and all extra payments. Make smarter choices when planning new allowances.

Industries

We enjoy working with a wide variety of organisations.

Empowering business leaders in Manufacturing, Transport and Public sector to make data-driven workforce decisions.

12

Years of experience

150+

Models created

7000

Employee records

We’ve helped some amazing organisations in Australia:

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Office

Level 1, 433-435 South Rd, Bentleigh VIC 3204

Contact

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Open Hours

Monday – Friday: 8.30 am – 5.30 pm

Other modelling services.

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Labour Analytics

Empower business leaders with the data they need to understand labour issues and make informed decisions.

Scenario Modelling

Understand the combined effect of multiple parameters for each company and union claim.

Productivity Review

Improve employee-employer relationships through productivity measurement.

Cost Modelling

Labour Cost.