Hourly Rate Calculator - 
E&I Electricians

This hourly rate calculator helps businesses quickly work out a fair charge-out rate for an electrical contracting and engineering business, based on the employee’s base hourly wage, statutory on-costs, leave impact on billable time, and a chosen target net profit margin.

 

To use it, enter the employee’s hourly pay rate and your target net profit (%), then choose whether you want profit calculated as a net margin on revenue or a markup on cost.

 

Next, set your assumptions for superannuation and payroll tax, and select Yes/No to include motor vehicle recovery and supervision recovery in the final rate.

 

The calculator will automatically show your break-even hourly cost (the minimum rate needed to cover wages, on-costs, leave-driven utilisation, and recovered overheads) and your charge-out hourly rate including profit, plus an itemised breakdown of costs per hour.

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When you’re ready, use the Download PDF button to generate a professional summary you can share with customers or keep for quoting and estimating.

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NOTE: The costs below apply to a business running in the commercial and heavy industrial space. Every business will be different and overheads will fluctuate over different periods of business. 

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Clients as well as business owners do well to review business cost regularly to understand the true cost of doing business.

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