Costpoint Business Intelligence calculates labor utilization rates by comparing a resource’s budgeted hours or cost for a fiscal period to the standard hours for that period or to the cost of the standard hours.

Standard hours for a fiscal period are 8 hours per work day, multiplied by the number of business days in the period, less any holidays or other excluded days.

Cost for an employee is calculated based on his or her hourly rate and does not include labor burden. For generic resources, the report uses the average hourly rate. You can view the average hourly rate on the Maintain Generic Staff report in Costpoint Planning.