Knowing the real cost of wages to your business is critical for being able to put together accurate quotes that ensure profits for every job. There are a number of steps that need to be followed to work out the real cost of wages and the easiest way to explain it is with an example.
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Are you the kind of business owner that thinks just because you are busy it is worth working overtime to ‘get more work done’? If this is true then you are probably not making any profit on that extra work and would be better off relaxing with your feet up sitting on the beach.
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