All in rate for a skilled labor calculation-Example

Question-Calculation of All-in rate for skilled labour-Hourly all-in rate for labour to be calculated

Number of weeks per year 49

Hours per week 44 (8 hours per day)
Annual holidays per year 14 days (should deduct form total number of hours)
Sick leave per year 21 days (should deduct form total number of hours)
Public holidays per year 25 days (should deduct form total number of hours)
Allow 2% for inclement weather and non productive
Basic weekly wage of a craftsman Rs. 6500.00
Employers contribution for EPF and ETF 15%
Insurance scheme 3.5% paid by employer
Allow for Tool money 2.5%
Answer
Total Number of hours

49

Weeks

44

Hrs per week

Deduct
Number of hours for Annual Holidays
Number of hours for Annual leaves
Number of hours for Public Holidays

14
21
25

Days
Days
Days

x
x
x

8
8
8

Hrs per day

Hrs per day
Hrs per day

Total working hours

Deduct
Number of hours for Inclement whether

2%

From

1,676.00

Hrs
Say

(33.52)
(34.00)

Hrs

Hrs
Hrs
Hrs

2
3
4

Hrs

1+2+3+4

Hrs

1,642.00

Weekly wage for a skilled labour

Rs.

6500

Yearly wage for a skilled labour

Rs.

6500

49

15.0%
3.5%
2.5%

x
x
x

318,500.00
318,500.00
318,500.00

Weeks

Total per year

Hourly rate per hour

(112.00)
(168.00)
(200.00)
1,676.00

Number of productive hours

Add:
15 % ETF/EPF
3.5% for insurance
2.5% for tool money

2,156.00

Total amount spend per skilled labour

Total Number of actual working hours

1+2+3+4+5

318,500.00

47,775.00
11,147.50
7,962.50

b
c
d

385,385.00

a+b+c+d

385,385.00
1,642.00
All in rate for a skilled labour

234.70

Per Hour