Part 1 – Costs and Profit Impact of Product Development: Cost of Personnel
Understanding the true annual cost of your personnel is crucial to understanding and maximizing the return on your investment in research and product development.
While most companies account for the cost of engineers, design and prototyping, and parts and manufacturing, they often under-account for the true cost of labor.
Download the first white paper in our Successful Product Development series to learn what you truly need to understand your personnel costs:
- A comparison between traditional personnel cost calculations and a more inclusive approach to calculating personnel costs
- A breakdown of overlooked factors that you need to include when calculating true personnel costs
- Formulas to calculate accurate engineering personnel costs