Contents of this article is applicable to the following users

Tier: ESSENTIAL, GROWTH, SCALE

Platform: Web

We calculate labour cost for Full-Timers (Monthly wage type) and Part-Timers (Hourly wage type) differently.

Do note that Staff's wage rates should be set up first (under My Team) in order to see the labour cost indication.

Full Timers (Monthly)

Full-timer labour cost is estimated by summing up the cost of basic labour hours + overtime hours

Hour Type	Description	Rate	Cost
Basic	Normal hours of work	Estimated Hourly Rate = Monthly Wage * 12 months / 52 weeks / Weekly Overtime Hour Limit	Basic hour
Overtime	Hours of Overtime worked	Overtime Rate	Overtime hour * Overtime Rate

Note:

1 - Normally, Full Timers will be paid their full Monthly wage. To help your team identify and visualize under-utilised labour, the estimated cost is based on the number of hours scheduled; the total estimated cost would be less than their full Monthly wage if you schedule less than their weekly OT limit.

2 - This costing does not take into account statutory payments like FWL or CPF (in Singapore context)

Example

Chow Jia Yi is a Full-Timer (Salaried) and has a salary of $2000 a month, and a weekly OT limit of 40hrs.

Scenario 1 - Jia Yi is scheduled for 7 hours of work in the week

Type	Hour	Rate	Cost
Basic	7	Estimated hourly rate = $2000 * 12 (weeks) / 52 (weeks) / 40 (weekly OT limit) = $11.54 /hr	$80.78
Total		-	$80.78

Based on the calculation table shown above, she is estimated to cost $80 for 7hrs of work scheduled

Scenario 2 - Jia Yi is scheduled for 49 hours of work in a week

Type	Hour	Rate	Cost
Basic	40	Estimated hourly rate = $2000 * 12 (weeks) / 52 (weeks) / 40 (weekly OT limit) = $11.54	$461.60
Overtime	9	$10	$90
Total		-	$551.60

Based on the calculation table shown above, she is estimated to cost $551.60 for 40hrs of normal work and 9hrs of Overtime

Part Timers (Hourly)

Part-timer labour cost is estimated by summing up the cost of different types of labour hours (basic, weekend and event) that they worked.

Hour	Description	Rate	Cost
Basic	Work on a normal day	Wage	Basic hour * Wage
Weekend	Work on a weekend day	Weekend Rate	Weekend hour * Weekend Rate
Event	Work on an event day	Event Rate	Event hour * Event Rate

Note:

Overtime cost will also be calculated for Part-Timers if Daily/Weekly Overtime limits and Overtime rates are set up.