The Labor rate is the rate by which your team members are getting paid and will be used to calculate their paychecks (i.e. Labor costs). The Balance (profitability) of each project is calculated as the difference between the total billable amount and total costs (total costs are the sum of the labor costs plus non-billable expenses).
The default labor rate
To enter a default labor rate for a user, please go to Users > Users and open their profile. There you will be able to enter the labor rate which will be used as a default on all assigned projects.
Project-specific labor rates
If a user receives different compensation on different projects, you can override the default labor rate project by project. You can enter a different labor rate for each of the projects they will be working on.
To enter a custom labor rate, please go to the Projects tab and open a project. Then go to the 'Members' tab of the project overview to update the rate:
You can choose for this labor rate change to be applied to the new logs only, to the new & existing logs, or to logs created from a certain date forward. If you wish to update all recorded logs, please choose to apply the change to new & existing logs.