Measuring profitability for Internal Staff

[EFabello]

Hi All,

I'm new to project management and I have a question regarding logging profitability for internal staff in a design company. If internal staff are to go over their scheduled time, by lets say five days, would I record this as a loss like I would for freelancers? I ask because no other costs would be incurred as they are paid set wages monthly.

Any clarification on this would be much appreciated. Thanks.

[samuel]

you may want to read this article about "[URL="https://www.universalclass.com/articles/business/the-top-8-methods-for-accurately-measuring-employee-productivity.htm"]8 Methods for Accurately Measuring Employee Productivity[/URL]".

[aakashgupta]

Hey, interesting question. The core effort put in by the employees can be measured in a number of ways, and not only with the time taken to finish the tasks. A good way to measure whether the staff are productive depends on choosing the right metric. Calculating the number of hours is the most common method to measure productivity. Another option is the estimation of the full-time hours in a day, or an equivalent of 8 hours, 5 days a week.

Read this blog here to know which is a better way to calculate contribution of your employees: [url]https://www.saviom.com/blog/fte-vs-hours-what-should-you-use-and-when/[/url]

Hi All,

I'm new to project management and I have a question regarding logging profitability for internal staff in a design company. If internal staff are to go over their scheduled time, by lets say five days, would I record this as a loss like I would for freelancers? I ask because no other costs would be incurred as they are paid set wages monthly.

Any clarification on this would be much appreciated. Thanks.

[karinerussell]

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