New Financial Year - Labour Price Increases

[cr0ft]

Anyone feeling confident enough about the market to put up their prices this year or will you guys be soaking up the inflation for a real terms pay drop??

Intrigued what other companies are doing. I think that our first hour rate will stay the same but the second hour rate will go up £1 per hour tbh to cover the increased costs of the living wage and workplace pensions starting in 2017 for us. That makes us £60 and £31 plus VAT for plumbing/electric or £70 and £41 plus VAT for gas.

 

[SimonG]

Labour rates have increased pretty well in the past 12 months. Oil servicing will be going up again by 5%. Big jump in emergency boiler repairs, tenner going on. I'm busy so I will make hay while the sun shines. Lot of idiots round our way charging peanuts and doing very poor work. But they are being found out now. Plus one of the big employers in area has laid people off due to them going big into bio mass and the arse falling out.

 

[lame plumber]

have a look at rays annual rates report and take it from there. Pimlico have gone up again I believe

 

[Millsy 82]

I would love to but I might leave it a year as I have a few people go pale when I give them the price already. Lol.

 

[cr0ft]

I would love to but I might leave it a year as I have a few people go pale when I give them the price already. Lol.

If some people aren't doing that then your prices are too low I would suggest. We get a few people doing that with us for the one hour jobs. No great loss though as we keep busy. Our prices allow us to have the odd slack day for training the lads too.

 

[Stanios]

have a look at rays annual rates report and take it from there. Pimlico have gone up again I believe

Rates Mon–Fri 7am–6pm £95.00
Mon–Fri 6pm–12am £150.00
Rates Sat 7am–6pm £170.00

Take into account they keep the timer on whilst driving down to merchants and grabing a tea.

So yeah I think £1 increase is justified for cr0ft

 

[thereisawizza]

Pound a year, every year. (within reason)

 

[bert large]

Can someone point me in the direction of Ray's labour cost study please.
I thought I had downloaded it but I can't find it now. Cheers.