Understanding the true cost of wages is critical for accurate pricing and business profitability. This episode breaks down the often-overlooked factors that impact your actual wage expenses, far beyond just the hourly rate.

Learn about the mandatory on-costs like superannuation and workers' compensation, various allowances, and the crucial impact of non-billable time due to holidays, personal leave, and public holidays. Discover how productivity rates directly affect your effective hourly wage cost and why all business expenses, both direct and fixed, must be factored into your pricing strategy to ensure sustainable profit and a fair return on your investment.

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