Labour is one of the largest expenses any business has to absorb. And since you can’t manage what you don’t measure, we’ve developed the labour cost model so that you can optimise your spending.
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.
Wage cost modelling
Investigate relationships between hours of work and applicable pay rates. Improve accuracy of your budgeting process.
Compare the cost of labour against the award or competitor enterprise agreement. Measure and improve performance of different departments.
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.
We enjoy working with a wide variety of organisations.
Empowering business leaders in Manufacturing, Transport and Public sector to make data-driven workforce decisions.
Years of experience