HOURLY SERVICE CHARGE

WHAT IS AN HOURLY SERVICE CHARGE?

charges for their time

includes costs/expenses

WHAT IS AN HOURLY SERVICE CHARGE LIKE?

“bread winner of the family”

main income source

WHAT IS THE PURPOSE OF AN HOURLY SERVICE CHARGE?

ensure client is charged

make sure business is making a profit

WHAT ARE THE DIFFERENT TYPES OF HOURLY SERVICE CHARGES?

Variable rate

Fixed rate

WHAT’S INVOLVED WITH SETTING THE HOURLY SERVICE CHARGE?

Cost-plus pricing

Competitors pricing

Perceived value to the customer

HOW DOES SETTING HOURLY SERVICE CHARGE IMPACT ON DIFFERENT AREAS OF THE BUSINESS?

can impact cost of sales and profit and loss

make a profit, not a loss

cost must cover expenses

WHERE CAN I GET MORE INFO?

http://www.skillmaker.edu.au/hourly-service-charge/