Money & tax

What is Labour cost percentage?

Also called Labor cost percentage

Labour cost percentage is total labour cost divided by revenue for the same period, multiplied by 100. A true figure includes employer on-costs, not just gross wages.

The two figures must cover exactly the same days, or the percentage is meaningless. Comparing a monthly wage bill against a four-week revenue figure is a common way to get this wrong.

It varies sharply by format — counter-led venues typically run lower than full-service restaurants, which carry more staff per cover.

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Knowing the term is one thing. Running it is another.

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