What is a Burden?
Last modified: January 9, 2012 by Michelle
When you work with Contractors, you have the opportunity to figure in the amount it costs you to keep that contractor. It is the cost to a company to carry their labor force aside from salary paid to the contractor.
Simply stated, the burden is the benefits and taxes that a company must, or chooses, to pay on their payroll and any other fees imposed by the companies you do business with.
These can include, but are not limited to:
- Payroll Taxes,
- Retirement/Pension costs,
- Health care,
- Workers Comp costs,
- Short term/long term disability,
- Life/AD&D Insurance,
To set up a Burden:
- Go to File>Manage>Burdens
- Select to Add Burden
- Enter your criteria
- Click Ok to save your Burden
Where does this come into play?
When you enter a Burden, you are then set up to utilize our Margin Calculator.
The Calculator can be accessed from the Menu along the top of Sendouts.
This calculator allows you to figure the actual amount the contractor will cost you, and also allows you to see if you are hitting your target Margin.
The information you enter into the Burden menu will allow you to easily define burdens for each company you do business with and are available in the Margin Calculator as a drop down menu.