This page outlines how to compute the fully burdened rate with fee ("Wrap Rate") by employee based on cost rates plus burdens plus a variable profit percentage or markup.
What’s covered in this document:
In the following adhoc report, navigate to the Custom Column and change the burdens.
- This is using the employee’s standard cost rate.
- This has been filtered for active employees who are exempt.
Note: Where Fringe is 35%, OH is 45%, G&A is 15% and Fee is 8%.
Refreshable Web Query (RWQ)
If the indirect rates change depending on the employee (i.e. different overhead rates, client-site and corporate-site, etc.), you can set up fully burdened cost RWQs that can account for these different rates depending on the individual. Please contact your Customer Success Manager for more information.