Pay rate vs billable rate — what's the difference?

Every employee in Hublitics has two hourly rates:

- Pay rate — what you actually pay them. Wages, employer NI, benefits, the lot. - Billable rate — what you charge the customer for an hour of their time.

The gap between the two is your gross labour margin per hour.

Example: Tom's pay rate is £18/hr. His billable rate is £55/hr. He logs 7.5h on a job. The job's labour cost goes up by £135. The invoice line goes onto the customer at £412.50. Your margin on those hours is £277.50 (67%).

Both rates are snapshotted onto every timesheet at log time. Future rate changes don't retroactively rewrite history.

The job's "Default billable rate" can override the employee's billable rate for that job — useful when one customer pays a discounted blended rate.