Uncovering Hidden Labor Costs: Why Your Processes, Not Your People, May Be the Problem

Article content provided by Trimble.

Labor costs constitute 30-50% of specialty contractor's project costs. Time theft, unexpected overtime, poor workforce planning, and low productivity can throw a budget off and impact the profitability of the project. With an Excel spreadsheet - or worse paper timecards - it can be near impossible to get an accurate idea of costs on a job at any given moment.

It’s enough of a challenge to get the paper cards to the office (rather than in between the seats of the company truck). You can forget about getting an accurate job, phase, or location for everybody in the field. Plus, you need to make sure times are accurate, rather than copied from last week, and maintain compliance for things like safety meetings, prevailing wage laws, and overtime.

Your team needs an easy and efficient way to get timecards done in the field, your payroll team spends far too much time entering time cards into your accounting system, and your project managers are tired of not knowing where labor costs stand on their job. It makes accurate projections impossible and talent allocation more difficult than it has to be.

In this webinar, experts from Trimble and RIVIT Work will share:

• How disconnected time tracking and payroll impact job costing accuracy and profitability.
• Strategies for achieving real-time visibility into labor expenses to make informed decisions before issues escalate.
• What manual process inefficiencies that contribute to hidden labor costs and hinder team collaboration.

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