LABOR COSTING FORMULAS

Gross pay

Hours worked x rate per hour or number of units produced x rate per unit

Halsey scheme

50% of time saved x rate per hour

Halsey Weir scheme

1/3 of time saved x rate per hour

Rowan scheme

(time taken/time allowed x time saved) x rate per hour

Time saved

time allowed – time taken

Labor turnover

Avg no of employees leaving who have to be replaced  x 100

average number employed