Labor Rate Calculator for Service
Build a defensible service labor rate the way the best-run shops do it: cover your true cost of labor, spread your overhead across the hours you can actually bill, make up for loss-leader diagnostic fees and agreement discounts, then add the profit you want. Start in Simple mode for a fast number, or switch to Advanced for the full picture.
How this calculator works
The goal is the lowest hourly labor rate that lets your service department break even, then adds the profit you want. It works like any factory pricing a product: figure out how much overhead there is to cover, and how many hours you have to cover it with.
- Cost of labor. Your wage plus taxes and benefits, spread over the hours you can actually bill (not the hours you pay for).
- How the tech is paid. Paid all day, billable only, or a split (high wage for billable time, minimum wage for the rest) change your true cost per billable hour.
- Overhead. Use the rule-of-thumb labor-cost-to-sales percentage, or enter real department overhead dollars and let it spread across your annual billable hours.
- Loss-leaders. A low diagnostic or travel fee is below your real rate, so the shortfall is spread over the hours you bill each day.
- Service agreements. Discounted agreement work is grossed up so it still reaches breakeven.
- Profit. Added as a percentage of the sale. Raise it when you're slammed; lower it when you need the work.
- Parts. Labor carries the overhead and profit. Parts are just marked up enough (about 1.25x) that you never lose money on them.
- Save as many named scenarios as you like - for example a busy-season rate and a slow-season rate.