The Cost Rate section of the employee view provides huge flexibility to define expenses for an employee (gross salary). Metric.ai supports historical rates so you can safely change the salary after promotion without affecting past metrics.
Specify rate and currency for the specific period: yearly, monthly, twice monthly, hourly, weekly or biweekly.
To access historical rates, click the SHOW button:
To add an item in the Rate History click the ADD+ button and input a start date with the rate and rate period type.
To delete an item click the red cross icon button on the right side. If you make a mistake, just reload the page without saving anything to reset it to the previous state.
Don’t forget to save your changes by clicking on SAVE button.
There are three employment types supported:
- Full Time – cost calculated according the selected period.
- Part time – with the ability to define part-time load in percentage.
- Hourly – cost will be calculated according to tracked time.
They define how utilization and expenses of that employee will be calculated, which affect revenue and profits.