I Pay an Employee $20 an Hour. Here’s Why I Need to Charge at Least $60 for His Labor
What contractor labor rate should I charge if I pay an employee $20 an hour? That’s a question I’ve had to answer in my own contracting business. For my contracting business, the answer is generally at least $60 per man-hour. That does not mean I’m putting $40 an hour in my pocket. A $20 hourly…