What A Construction Worker On Your Payroll Really Costs
Are You Thinking About Adding Workers To Your Payroll?
In Some Cases - You may be better off outsourcing to a temporary labor service especially when you consider the cost of a bad hiring decison
Our Construction Clients - Who have used temporary labor services have been satisfied and from our experience providing back office support for our contractor clients.
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 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.
If You Are A Contractor You Deserve To Be Wealthy
Because You Bring Value To Other People's Lives!
This Is One More Example of how Fast Easy Accounting is helping construction company owners just like you put more money in the bank to operate and grow your construction company. Construction accounting is not rocket science; it is a lot harder than that and a lot more valuable to people like you and me so stop missing out! Call Sharie 206-361-3950 or firstname.lastname@example.org and schedule your no charge one-hour consultation.
Profitable Contractors and Construction Company owners have known about the value of outsourced bookkeeping services and contractor coaching services like ours for a long time and now you know about it too!
We Scan Your Receipts And Invoices link the appropriate transactions to QuickBooks or Xero Accounting Online depending on the construction accounting service you are using and provide ongoing Cloud Based Contractors Bookkeeping Services by accountants who understand construction.
Thinking About Outsourcing Your Contractors Bookkeeping Services?
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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+