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Cost of Inefficiency Calculator |
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From the items listed below, select those that you know cost your business money. In the two columns over on the right, enter your estimate in hours or direct cost, based on a typical week. |
Enter the Hours or Cost for a typical week |
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Hrs |
$Cost |
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(Please select a value) |
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What is one hour of my time worth? |
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The value of your time is more than just your 'charge out rate' or your hourly wage or salary. The true value of your time comprises your wage or salary plus your employment costs plus the profit you generate.
As a rule of thumb, we suggest that you use $100 as your hourly rate.
Just one word of caution: while you may choose to dismiss the total amount calculated as unrealistically high, it does reflect your input. So if your estimates were correct, then the total must be correct. |
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You may need to adjust your hourly rate if other people contribute to the inefficiencies you've selected. |
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Note: For convenience, we worked on 50 weeks for the year. |
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Total per week |
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Total per Year |
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Copyright © 2010 Brain in a Box Pty Ltd |
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