Labor Hourly Rate Formula |
| \( LHR \;=\; \dfrac{ HPR + PT + FBC }{ n } \) |
| Symbol |
| \( LHR \) = labor hourly rate |
| \( FBC \) = fringe benifit costs |
| \( HPR \) = hourly pay rate |
| \( n \) = number of hour worked in the pay period |
| \( PT \) = payroll taxes |
Labor hourly rate, abbreviated as LHR, is the total of all benifits, travel, per diem, and overhead a company pays to a single employee.
