---
title: Manage a labor rate card
description: The labor rate card associates a rate code with a labor rate.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/australia/it-business-management/cost-management/t\_ManageALaborRateCard.html
release: australia
product: Cost Management
classification: cost-management
topic_type: task
last_updated: "2026-03-12"
reading_time_minutes: 1
breadcrumb: [Task and labor rate cards, Cost Management, Strategic Portfolio Management]
---

# Manage a labor rate card

The labor rate card associates a rate code with a labor rate.

## Before you begin

Role required: financial\_mgmt\_admin

## Procedure

1.  Navigate to **All** > **Cost** > **Labor Rate Cards**.

2.  Create or edit a record \(see table for details\).

<table id="simpletable_ekz_2ss_qq"><thead><tr><th>

Field

</th><th>

Input Value

</th></tr></thead><tbody><tr><td>

Name

</td><td>

String field summarizing the purpose of the rate card.

</td></tr><tr><td>

Rate code

</td><td>

For reference use only, if you want to align rates with an external system.

</td></tr><tr><td>

Rate type

</td><td>

The rate type that is used to determine if the labor rate card matches with the rate type on the time card.

</td></tr><tr><td>

Active

</td><td>

Check box which determines if the rate card will be actively used.

</td></tr><tr><td>

Hourly rate

</td><td>

Identifies the hourly rate to be applied to task time worked entries if the worker meets the condition defined.

</td></tr><tr><td>

Condition

</td><td>

Defines a filter on the user table to determine whether the task time worked user applies to this rate card. This field uses the Condition Count Widget to preview what records would be returned by the conditions.

</td></tr></tbody>
</table>
-   **[Rate type in labor rate card](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/cost-management/RateType.md)**  
The rate type functionality is used to categorize different types of work. For example, Standard versus Overtime.

**Parent Topic:**[Task and labor rate cards](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/cost-management/c_TaskAndLaborRateCards.md)