Free Engineering Workbench calculator
Fully loaded cost per engineer
Work out what an engineer really costs per hour, day and year, including benefits, overheads and tools.
Finance & unit economicsHow it's worked out
- Loaded cost = salary × (1 + benefits) + overhead + tools + recruitment and training
- Productive hours ≈ 52 weeks × 40 h minus leave, holidays and training
NoteUse this hourly cost in every other calculator that prices time, such as meeting cost, build wait cost or toil. Productive hours exclude leave, holidays and training.
Source: Management accounting practice (fully loaded labour cost)
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