Within Tenzo you can see your labour costs including or excluding labour overheads.
How do I change these settings?
To confirm whether you are looking at a cost including or excluding labour costs, select the button, then "Labour" to see whether the box for 'Include labour overhead' is ticked or not.
To calculate the top-level labour overhead % for your business you can toggle between turning labour overheads off and on. You can then calculate the overall labour overhead % as follows:
[(Labour cost with labour overheads included - Labour cost without labour overheads)/Labour cost without labour overheads * 100)]
Please note that this will give you an overall percentage regardless or employee type i.e. whether they are paid annually or hourly.
The types of labour overheads
There are currently six types of labour overhead rules that can be applied in Tenzo. Depending on the geography you are in, some of these will have minimum % rates or requirements outlined in law. You should take legal advice if you are not sure what labour overheads apply to your business.
|benefits||Additional employee benefits that are accrued at a % rate based on an employee's earnings|
|holiday_accrual||The % rate for holiday pay built-up based on an employee's earnings|
|The UK % tax rate applied to en employees earnings that contribute to the social welfare system|
The amount in GBP that an employee must earn before national insurance is applied
|payroll_tax||The % tax rate contribution applied to an employee's earnings|
|pension||An employer's % rate for pension contributions|
The source of your business' labour overheads
The labour overheads used for your business will depend on which staff scheduler system you use and whether your administrator requested any specific overheads were set up in Tenzo as part of the implementation.
|Integration||Labour overheads||Employee types with different labour overheads|
|Bizimply||Set and changeable in Tenzo||Hourly, Annual,|
|Deputy||Set and changeable in Tenzo||Hourly, Annual,|
|Fourth||Business overheads from Fourth used where these are availble. If not available these can be set and changed in Tenzo.||Hourly, Annual, Weekly|
|Planday||Set and changeable in Tenzo||Hourly, Annual,|
|Polaris Labour||Set and changeable in Tenzo||Hourly, Annual, Weekly|
|S4 Labour||Set and changeable in Tenzo||Hourly, Annual, Daily, Agency, Weekly, Unpaid|
|Selima||Selima default overheads used. Except for pension which can be set and changed in Tenzo.||Hourly, Annual, Agency|
|Tanda||Set and changeable in Tenzo||Hourly|
|WhenIWork||Set and changeable in Tenzo||Hourly, Annual, Daily, Agency, Weekly, Unpaid|
Set and changeable in Tenzo
Hourly, Annual, Daily, Agency, Weekly
Reviewing and changing the labour overheads that can be set in Tenzo
We're working on a way for your Tenzo administrator to be able to set-up and change your labour overheads directly in Tenzo.
In the meantime, if you would like to know what configurable overheads were set-up in Tenzo for your business please ask your Tenzo Administrator or your Tenzo Customer Success Manager.
To change your labour overheads please email firstname.lastname@example.org with:
- The overhead you want to change and the percentage amount you want this to be.
- The date for the change to come into effect from.
#labour #settings #integrations