Prevailing wage support allows you to cost your jobs more effectively

June 17, 2020

National laws around prevailing wages can add a layer of complexity when costing the labor of your jobs and projects.

As part of our most recent Simpro update 20.2.6 we have developed new functionality around hourly rates, so you can ensure the prevailing wage is consistently accurate for all of your staff. This not only saves you time from having to apply the correct wage retrospectively upon job completion, but also helps you cost your jobs with greater accuracy.

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Customize labor rates for certain staff on specific jobs

Now you can easily adjust the hourly rate of any staff member. Simpro gives you the ability to add an hourly allowance to an hourly rate, completely override their regular rate, or both!

Gain clear visibility on adjusted rates

Easily track changes to hourly pay rates on the employee or contractor card so you can see at a glance who has had allowances, pay overrides and multipliers added to their rates.

Job costing just got a lot more accurate

To accurately cost jobs, you need to know exactly how much you are required to pay your employees. The Prevailing Wages feature within Simpro allows you to accurately calculate what the labor costs of each job will be. This means no more surprises on your end, and less chances for you to incorrectly pay your hard working staff.

Have a better understanding of your labor costs

Accurate job costing is great for proper budgeting on your current jobs and projects, but even better to improve on what you work on in future. Prevailing Wage support gives your business the power to really understand your labor costs for the duration of your projects.

More reasons hourly rates may fluctuate

We developed this new feature in Simpro to help trade contracting businesses comply with Prevailing Wage laws, but this regulation is not the only reason you may be required to adjust the hourly rate of pay for an employee.

Accurately calculate hourly allowances

Allowances might also be required for staff who are in specific roles, are working in extra hazardous situations or due to calendar holidays. Now you can add an hourly allowance to a specific staff member for a specific job to include these payments in your job costing.

For more information about Prevailing Wages and educating your team around the new functionality in Simpro, check out our resources on the Simpro Learning Toolbox and the Help Guide.

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