Free Cleaning Services Labor Cost Statement Template
Cleaning Services Labor Cost Statement
This Cleaning Services Labor Cost Statement provides an overview of the labor costs incurred by [Your Company Name] during the reporting period of [Period], totaling $50,350. It serves as a valuable tool for financial analysis, budgeting, and decision-making.
|
Category |
Amount ($) |
|---|---|
|
Wages and Salaries |
25,000 |
|
Overtime Pay |
2,500 |
|
Benefits |
|
|
- Health Insurance |
3,000 |
|
- Retirement |
1,500 |
|
- Paid Time Off |
2,000 |
|
Taxes |
|
|
- Federal Income Tax |
3,500 |
|
- State Income Tax |
1,200 |
|
- Social Security |
1,900 |
|
- Medicare |
450 |
|
- Unemployment |
600 |
|
Training Expenses |
1,200 |
|
Uniforms and Equipment |
800 |
|
Bonuses or Incentives |
1,000 |
|
Contract Labor |
4,000 |
|
Employee Turnover Costs |
|
|
- Recruitment |
1,500 |
|
- Training |
2,000 |
|
Miscellaneous Expenses |
700 |
|
Total Labor Costs |
50,350 |
Notes:
-
Wages and Salaries include payments to cleaning staff for regular work hours.
-
Overtime Pay is calculated based on additional hours worked by employees beyond their regular schedule.
-
Benefits include expenses for health insurance, retirement contributions, and paid time off for employees.
-
Taxes consist of federal, state, Social Security, Medicare, and unemployment taxes.
-
Training Expenses cover the costs associated with training new hires and ongoing staff development.
-
Uniforms and Equipment represent the expenses for providing necessary attire and cleaning supplies to employees.
-
Bonuses or Incentives are discretionary payments made to recognize exceptional performance.
-
Contract Labor includes payments to subcontractors or temporary workers hired to support cleaning operations.
-
Employee Turnover Costs encompass recruitment and training expenses incurred due to staff turnover.
-
Miscellaneous Expenses cover any other labor-related costs not categorized above.
