Labour Minute Costing Calculators by FWF (in Local Currency)

Labour minute costing calculators

One year ago, Fair Wear Foundation (FWF) had introduced Labour Minute Calculator for Bangladesh. Recently, they have developed this tool for other counties as well. At present  Labour minute costing tool is available for the following countries including India. 

To use this Excel-based labour minute cost calculating tool, you need to click on the below link specific to your country and save the Excel file on your computer. 
(Note: All linked files are hosted by Fairwear.org)  

Labour minute value calculator
Excel template for labour minute value calculator
Open the file and read instructions on how to use the Excel template and which all information the user needs to fill up. This tool has pre-filled data like Labour Minute Value (LMV) as per wage level.

The calculator enables suppliers and buyers to determine the cost of one minute of labour in a factory, taking into account factory-specific variables such as workforce composition, bonuses and insurance and actual overtime hours. This tool is an important step forward in ensuring brands’ purchasing practices related to pricing (CMT and FOB) support living wages.

0/Post a Comment/Comments

Previous Post Next Post