Pricing Service Labor Rate - Service Pricing
Proper service pricing is one of the most critical areas for a company to create an overall profit of 15% to 20%. The service business is generally a complicated set of processes and has many areas where profit can slip away. A properly set labor rate is essential to ensuring the service department is capable of producing its gross profit dollars and ultimately profitability. A properly set service labor rate also helps us sell service agreements when they are combined in a set strategy.