People Tracking: Performance Efficiency Factor

It will always be my recommendation for any business owner to keep a close (non-invasive) eye on their team and their teams performance but sometimes it’s not the easiest thing to do. What if you could make it easier? What if there was a more subjective way, to review the efficiency of your teams performance? […]

Why Every Business Needs a Salary Cap

If you’re into sport, you’ll know what a salary cap is. It’s a simple but powerful idea: a team is allowed to spend up to a certain limit on its players’ wages. You can split it however you like—stack one superstar and spread the rest thin, or share it out evenly—but there’s a hard ceiling. […]

Redefining Fulfillment as a Business Owner

There’s a certain satisfaction that comes from doing the work with your own two hands. You see it, you feel it, and at the end of the day, you know exactly what you achieved. As your business grows, the way you define a “good day” has to grow too. That’s the tricky part no one […]

People Tracking: Fixed Costs per Direct Hour Worked

The cost per direct hour worked is a crucial metric for businesses to determine the minimum amount they need to charge to cover their fixed costs. By understanding this cost, businesses can set pricing strategies that ensure they cover all fixed expenses and achieve profitability. It’s especially important in industries like manufacturing and construction, where […]

People Tracking: Direct Labour & Overhead Cost

Direct labor cost per hour is calculated by dividing the total wages and related expenses for workers directly involved in production by the hours they work, helping assess the value of direct labor. Overhead labor cost per hour covers the costs for employees who support operations but aren’t directly involved in production, and this rate […]