For more information on labor costs from Navigate, read the companion article Lightening the Burden of Burdened Labor.
The Five Concepts of Labor Costs
The five concepts of labor costs. As AV integrators focus on expanding their services business, there is an extra emphasis on labor. Navigate’s David McNutt outlines the major concepts around labor costs, and how to manage them efficiently. What are the differences between direct vs. indirect vs. overhead labor costs? What are fully burdened labor costs? How does this impact profitability?