labour cost index formula
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It is calculated dividing the labour costs by the number of hours worked. Labour costs are made up of costs for wages and salaries, plus non-wage costs such as employer's social contributions.
-How to calculate restaurant labor cost by hours worked
-Separate or split employees with the same salary into groups.
-Add together the total number of hours worked in each pay group for hourly employees.
-Multiply the hourly rate by the total number of hours worked.
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