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Q&A with Tommy - Dominating the Home Service Market through Continuous Growth
The Home Service Expert Podcast
Guidelines for Allocating Labor Costs in a Home Service Business
In a home service business, allocating 17 to 18% of revenue for labor costs for field labor, technicians, installers, and maintenance staff is recommended. Additionally, having the company payroll at around 32% of revenue is considered a good benchmark. These percentages can serve as guidelines for creating a performance pay system and determining bonuses for employees.
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