Configure employee costs

Before you start

You need access to Costs > Cost objects > Employees to view the amounts.

You need permission to edit employees if you will change their hourly cost.

The employee must exist in People > Employees.

Calculate an hourly cost consistent with your company’s costing approach.

One way to estimate it is to divide the annual labor cost you want to allocate by the annual effective working hours:

Hourly cost = annual labor cost / annual effective working hours

Review hourly costs

Path: Costs > Cost objects > Employees

Find the employee

Search by code or name in Costs by employee.

Review the amount

View the Cost/hour column and compare it with your company’s chosen approach.

Open the employee

In Actions, open their details to update the amount.

Update the cost

Enter the new value in Hourly cost (€) and click Save.

Which calculations use this data

Use	How hourly cost contributes
Manufacturing	Employee time records contribute actual labor cost.
Maintenance	Time recorded in a work order contributes labor cost to the work order.
Planning	If the person who will perform an operation is not yet known, Bold can display planned costs based on averages.

Use the same approach for all employees. Mixing gross salary, employer costs and internal rates produces unreliable comparisons.

​Before you start