What A Construction Worker On Your Payroll Really Costs
Are You Thinking About Adding Workers To Your Payroll?
Our Construction Clients - Who have used Madden Industrial Craftsmen have been very satisfied and from our experience providing back office support for our contractor clients we have found Madden Industrial Craftsmen and to be fair and reasonable and we highly recommend their services.
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 a construction accountant like me would think about. The example below shows a construction worker earning $25.00 per hour working 40 hours per week with basic benefits.
Your Fully Burdened - Labor rate will not be the same as the example shown above which means you will need to contact your Human Resources Department, your representitve at Madden Industrial Craftsmen or you can contact us and we can help you with the calculations.
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.
Profitable Construction - Companies have known about the value of outsourced bookkeeping services for a long time and now you know about it too!
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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. Follow Randal on Google+