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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.
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.
- Fair Wear Labour Minute Value and Product Calculator for Bangladesh
- Fair Wear Labour Minute Calculator for Bulgaria
- Fair Wear Labour Minute Value and Product Calculator for Myanmar
- Fair Wear Labour Minute Value and Product Calculator for Myanmar (incl. probation)
- Fair Wear Labour Minute Value and Product Calculator for India (Tamil Nadu)
- Fair Wear Labour Minute Calculator for Indonesia
- Fair Wear Labour Minute Calculator for Indonesia (Bahasa translation)
- Fair Wear Labour Minute Calculator for North Macedonia
- Fair Wear Labour Minute Calculator for Romania
- Fair Wear Labour Minute Value and Product Calculator for Tunisia
- Fair Wear Labour Minute Calculator for Turkey
- Fair Wear Labour Minute Calculator for Vietnam
(Note: All linked files are hosted by Fairwear.org)
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| 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.