What is Cost per Standard Hour?

Cost per standard hour indicates the cost of processing one hour of core work.

The purpose of Cost per Standard Hour is to provide a measure that blends the cost of the resource performing work, with the Productivity of that resource.

It is calculated by dividing the total resource cost (for a staff member, team or department) by the number of standard hours of work completed.

The calculation for Cost per Standard Hour is:

$Total cost of resource core time divided by work out hours equals cost per standard hour$

Total Cost of Resource Core Time:

$((time worked minus overtime plus downtime) multiplied by normal hourly rate) plus (overtime multiplied by overtime hourly rate)$

Work Out:

$Core time items multipled by core task standard times$

When setting up staff members, you are prompted to link an employee position to each person. To configure these employee positions, select System Settings. In the Add / View section, select Employee Positions.

Each employee position has the following cost information specified:

The cost per hour for the resource during normal working hours (i.e. the normal working day not overtime).
The cost per hour for the resource for overtime.

For more information on...
Calculations	See Key Equations
Frequently Asked Questions	See FAQs