Contractors’ ability to control their labor costs during the summer busy season is a crucial aspect toward their ability to maximize their profitability, and controlling labor costs starts with understanding how to track them. The little known secret, however, is that most contractors fail to measure their labor costs the correct way.
In episode six from Contractor University’s Seizing the Summer training series, Gary Elekes provides a detailed overview of the correct way to track your labor costs and the most critical KPIs that you need to be measuring — one of which is almost always overlooked by contractors. Watch this video now to determine if you are measuring your labor costs correctly and meeting the industry standard KPIs that will allow you to maximize profitability this summer.