Applies to full-time and shared resources deployed by PeerXP.
Terminology
Total Working Days | Number of total working days in a month |
Leaves Taken | Number of leaves taken by the resource in a month |
Allowed Leaves | Maximum 2 paid leaves are allowed per month for a resource |
Restricted Holidays | Optional Government or Local Working Holidays (allowed max 2 per year) |
Billable Working Days | Number of billable working days for the Customer |
Payable Resource Cost | Resource cost payable by the Customer |
Please refer to the Holiday List for a list of Holidays and Restricted Holidays.
Formulae
Billable Working Days
Billable working days =
Total Working Days - Leaves Taken + (Allowed Leaves + any Restricted Holidays)Payable Resource Cost
Payable Resource Cost =
(Billable Working days / Total Working days) x Cost per resourceExamples
March
This month has 23 working days and resource Joe has taken 5 leaves.
- Total Working Days: 23
- Leaves Taken: 5 (including 1 Restricted Holiday, Holi)
- Cost per resource: ₹1,00,000
For Billable Working Days,
Total Working Days - Leaves Taken + (Allowed Leaves + any Restricted Holidays)
23 - 5 + (2 + 1) = 21 are the Billable Working Days.
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For Payable Resource Cost,
(Billable Working days / Total Working days) x Cost per resource
(21 / 23) x ₹1,00,000 = ₹91,304 is the Payable Resource Cost.May
This month has 22 working days and resource Joe has taken 2 leaves.
- Total Working Days: 22
- Leaves Taken: 2 (including 1 Restricted Holiday, Ramzan ID)
- Cost per resource: ₹1,00,000
For Billable Working Days,
Total Working Days - Leaves Taken + (Allowed Leaves + any Restricted Holidays)
22 - 2 + (1 + 1) = 22 are the Billable Working Days.
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For Payable Resource Cost,
(Billable Working days / Total Working days) x Cost per resource
(22 / 22) x ₹1,00,000 = ₹1,00,000 is the Payable Resource Cost.🕒 Last updated: @December 7, 2021
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