In this article, you will learn how to calculate your team's hourly labor cost, allowing you to easily determine a job's profit margin when creating timesheets in Workiz.

Workiz allows you to save unique hourly rates for your technicians so that whenever they log time for a job, their labor cost gets automatically factored into your job's profit margins. 

Editing a tech's hourly rate

Each of your team members marked as technicians have a field dedicated for their hourly rate (labor cost per hour). This setting is only available for team members who have been designated as a technician from the user settings page, and not necessarily from the Roles & Permissions settings page.  

1. From the top navigation bar, select the profile/gear icon > Manage team
2. Select the user whose labor cost you want to update 
3. Under User options, edit the number next to Labor cost per hour
   
   
4. Select Save

Applying labor cost to a job

After updating your tech's hourly rate, you will be able to automatically calculate this part of your expenses when time is logged on a job (e.g., clocking in, adding a timesheet). Here, we will focus on manually creating a timesheet.

1. Open the job you want to update
2. Select the Items tab
3. Scroll down to the Time tracking section and select Add time
   
   
4. Create your timesheet:
   
   
   1. Select the correct user
   2. Adjust the time
   3. Adjust the labor cost if desired
      

      Adjusting the labor cost here will not affect the number that is saved on this user's profile.

   4. Select Create

The labor cost will automatically be calculated based on the time entered and can be viewed from the cost summary section above. 

Viewing your profit margins

After adding labor cost to your jobs, Workiz will automatically display accurate profit margins in your Sales report, making it easy to determine how much you made on specific jobs.