Cheers Stiky,
it probably belongs in a thread all of its own
Why is the hourly rate so high?
but its an insight all the same.
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band a lot,
that over simplifies it, and puts you on the back foot immediately.
Sure you pay your worker 1950 hours per year, but in the formula as presented you have only 1320 hours actual production time.
Take a look at the chargable hours section. You can poke and modify that to suit your business/industry/state laws.
I'm not saying this formula is 100% correct, but it is certainly more accurate than Hours paid per year versus hourly rate paid.
Based on that premise, you are paying 630 hours that you have not collected money for.
Thats just how i am interpreting it. If someone beleives it to be wrong, i am MORE than happy read, crunch numbers and learn something.
Cheers
Jas