The cost of goods and services includes labor, materials and overhead. The hourly rate minus overhead would simply be the direct labor costs. Examples of overhead costs include cleaning, rent, ...

Calculating the average hourly wage for your employees might seem like a simple math task, but small-business owners may want to do this in one of several ways, depending on their needs. Creating ...

A while back, we featured a handy online tool that will generate invoices for your freelance projects. Now, the company behind that tool has added another one to its repertoire: an hourly rate ...

Figuring out your hourly rate as a designer can be a huge pain. Worrying whether you’re over- or undercharging is tedious, and then there’s the pressing issue of whether your rate will allow you to ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. Business News Daily earns compensation from some ...

When you first start out working for yourself, it's tricky figuring out how much to charge. Usually it involves a bunch of math and knowledge of your industry and market. Seth Godin offers a simple ...

As if setting up a budget isn't a difficult enough exercise all on its own, being self-employed adds another level of mental gymnastics to the mix. If you're a salaried employee at a corporation, your ...

If an hourly employee works beyond 40 hours in a week, they are entitled to overtime pay. However, if that employee performs different roles at different pay rates, you may have to use a “blended rate ...