Loaded labor rate
The full cost to an organization of an hour of a given employee's time, including salary, benefits, and overhead, typically maintained by a finance or people-operations team and used as the standard multiplier for pricing labor-hours in a cost estimate.
Defined in 2 GAGE programs, which carry 3 distinct definitions of it. The wording above is taught in AI Data Governance: The Data Chair.
How each discipline defines it
The same term does different work depending on who is using it. These are the definitions as each program teaches them, unedited.
The full cost to an organization of an hour of a given employee's time, including salary, benefits, and overhead, typically maintained by a finance or people-operations team and used as the standard multiplier for pricing labor-hours in a cost estimate.
An employee's full hourly cost including salary, benefits, payroll taxes, and overhead, generally 25 to 40 percent above base pay (a multiplier of roughly 1.25 to 1.4); used to value reclaimed time honestly.
An employee's full hourly cost including salary, benefits, and overhead (often roughly 1.25 to 1.4 times base salary), used to value reclaimed time, valid only when paired with an honest escalation.
Where it is taught
The exact lessons this term appears in. The first 7 topics of every program are free with a free account.
- Measuring AI ROI: Productivity Gains That Matter · AI in the Workplace and Team Leadership, AI Literacy & Professional Conduct
- ROI Calculation Tools and Templates · AI in the Workplace and Team Leadership, AI Literacy & Professional Conduct
- The cost of bad data: pricing last quarter's silent drift in real money · The Money of Data, AI Data Governance: The Data Chair
Terms it appears with
Not an alphabetical neighbourhood: these are the terms taught in the same lessons, ranked by how often they appear together.