The default hourly cost

Learn about the default hourly cost and how it is used in Runn

Nicole avatar
Written by Nicole
Updated over a week ago

When you create a new role in Runn, you are prompted to enter an hourly default internal cost for that role:

What the hourly default internal cost will be used for:

  • We use this cost to show you financial forecasts on the Planner and to generate client insights and project insights on your dashboard pages. 

    Specifically, the hourly cost is used to project Project People Costs, Gross Project Profits and Margins

    It's an important piece of information in order to get accurate forecasts out of Runn and we have provided a cost calculator for you to calculate your employee's hourly cost. 

  • There might be cases though where you don't have a person's hourly cost information readily available and you can instead select to use the role's default cost

    To do so, head over to a person's contract and select Role cost when setting up or editing a contract:

Still have questions? We're happy to help! 

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