Edit hourly rates

Description

Hourly rates can be defined and managed at both the project level and for individual persons. This function enables accurate cost calculation based on the respective hourly rates.

Edit Hourly Rates for Individuals

The individual hourly rates of a person are managed in the Member Settings of the workspace.

How to edit an individual's hourly rate:

1. Navigate to: Workspace Settings > Members
2. Select the desired person and open the details view.
3. Scroll to the Hourly Rate section.
4. Click on Edit.
5. Set the new hourly rate.

If the hourly rate changes over time, multiple rates can be stored with a validity period. This ensures that the history of changes remains traceable.

Edit Hourly Rates for Projects

Alternatively, a flat hourly rate for the entire project can be defined in the Project Settings.

How to edit the project hourly rate:

1. Navigate to: Project Settings
2. Select Settings
3. Scroll to the Hourly Rate section.
4. Enter the desired hourly rate.
5. Optional: Activate the option Use individual hourly rates instead, if the individual hourly rates of team members should be used instead of the project hourly rate.

Difference Between Project and Individual Hourly Rates

If the option Use individual hourly rates instead is activated, the individual hourly rates of team members take precedence.

Conclusion

These settings allow flexible and precise management of hourly rates to ensure a transparent cost overview for projects.