SCRS: Repair Driven Education: 4 Steps to Set Proper and Profitable Labor Rates for Your Individual Shop (RD11) $

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When: 
October 30, 2018 - 3:00pm - 5:00pm
Where: 
Las Vegas Convention Center, Upper North Hall, N237

Repairer Driven Education, RDE, SCRS, SEMA Show

SCRS REPAIRER DRIVEN EDUCATION (RDE) series will feature seminar offerings. Each of the courses has been individually selected or crafted by SCRS because the content specifically focuses on issues and information that are relevant to collision repair professionals operating in today’s marketplace, and appeals to the diverse array of marketplace perspectives that exist within the collision repair industry.

4 Steps to Set Proper and Profitable Labor Rates for Your Individual Shop — RD11

The new reality of advanced, high technology vehicles has dramatically changed the collision repair landscape forever.  Among many other significant changes is the heightened importance and focus on repairing vehicles according to OEM procedures. 

Consequently, collision repairers are faced with the reality of a substantial immediate and future investment in training, tooling, equipment, facilities, and certifications necessary to repair these advanced vehicles properly, for the ultimate safety of consumers.

For many shops, their current labor rates are not priced to include these new investments and regrettably have not even kept up with general consumer price inflation over time or increases in their cost of doing business.  It is now more critical than ever for collision centers to find and maintain the right prices for their individual shop, to sustain long-term profitability well into the high-technology future.

This very practical session will help collision center owners and managers find the right rates for their shop through interactive workshop activities on inflation, cost of living indexes, differentiation among body shops, and planned investments.  The session will also include a current readout of independent data on posted and collected labor rates.

You will not be told what price to charge, but the session will enable you to make better and more informed business decisions about labor rates for your individual shop’s unique situation.

OUTCOMES
At the end of this session, participants will be able to:
• Understand the financial impact of inflation on their business.
• Know how to research, interpret, and use cost of living and cost of doing business-related data.
• Understand how differences in shops relate to differences in labor prices.
• Demonstrate to customers and insurers why their shop’s price is fair and reasonable, supported by word tracks and documentation.

Attendees will receive a seminar packet with summary notes and calculation worksheets. 

Speakers: Sam Valenzuela, President, National AutoBody Research & Richard Valenzuela, CEO, National AutoBody Research

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