Labor Rate Engine
Know What You Actually Need to Charge.
Your electrical labor rate shouldn't be a guess. Understand your labor costs, overhead and profit requirements before setting your price.
- Field wage
- Payroll burden %
- Annual overhead
- Billable hours per tech
- Target net profit
- Required hourly rate
A billable hour has to cover the wage, the burden on that wage, the share of overhead that hour is responsible for, and the profit the company needs to survive a slow quarter. Miss one layer and the rate looks competitive while quietly losing money.
The Labor Rate Engine builds the rate from those inputs so you can see exactly which assumption is driving your price.
What it accounts for
- Base field wages by role and crew mix
- Payroll burden: taxes, insurance, benefits and paid time off
- Non-billable time: drive time, shop time, training and callbacks
- Vehicle, tooling and technology costs per field employee
- Annual overhead and the hours available to absorb it
- Target net profit rather than leftover profit
Interactive tool
Start with the free labor rate calculator
The free calculator models wages, burden, billable hours, overhead and target margin. The Labor Rate Engine adds scenario modeling on top of it.
Frequently asked questions
Then fix what the rate exposes.
Contractor Core turns pricing, operations and staffing gaps into a prioritized 90-day plan.