Effective Labor rate in Microsoft Dynamics AX 2012

Hello Everyone, It has been very long spending time in my blog. Have been very busy at work since last few months. Today, I wanted to write about another new functionality which Microsoft Dynamics AX 2012 R 2 has introduced. It is the ability to designate the project cost as an Effective Labor Rate (ELR). The ELR – Effective Labor Rate is actually the dollar value income per hour of an employee after calculating productivity. Alternatively, the ELR defines the hourly cost of a worker, if they...(read more)