---
sourceDocument: Australia Asset Management
sourceDocumentLink: https://servicenow-prod.fluidtopics.net/r/it-asset-management

 Release :

    - australia

ft:locale :

    - en-US

ft:publication_title :

    - Australia Asset Management

ft:clusterId :

    - itam

bundleId :

    - itam

workflow :

    - Technology


---

# Create a labor rate card

# Create a labor rate card in Hardware Asset Workspace {#ariaid-title1}

* Release version: Australia
* 
* Updated March 12, 2026
* 
* ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read

Create a labor rate card to record the time worked on a task and associate a rate to the task.

## Before you begin

Role required: asset_admin

Activate the ServiceNow®
Cost Management (com.snc.cost_management) plugin. For more information, see [Activate Cost Management](https://www.servicenow.com/docs/access?context=t_ActivatingCostManagement&version=australia&pubname=australia-it-business-management&ft:locale=en-US).

## Procedure

1. Navigate to WorkspacesHardware Asset WorkspaceAsset operationsTCO configurationLabor rate card.
2. Select New.
3. On the form, fill in the fields.  
   {#create-ham-labor-task__table_pln_ql2_hzb__entry__2}

   | Field | Description |
   |-|-|
   | Name | Purpose of the rate card. |
   | Active | Option to determine if the rate card is actively used. |
   | Hourly rate | Identifies the hourly rate to be applied to task time worked entries when the worker meets the condition defined. |
   | Order | Order in which the labor rate card applies to the same task. When more than one labor rate card applies to the same task, the one with the lowest order is used. |
   | Set conditions | Filter to determine whether the Use time worked option applies to this rate card. For more information, see [Create a task rate card in Hardware Asset Workspace](https://servicenow-prod.fluidtopics.net/FIkM4BNLS4g2j0Big6nuhQ "Create a task rate card to define the type of task and the method of calculating the associated costs."). This field uses the Condition Count widget to preview what records would be returned by the conditions. |
   [Table 1. Create New Labor Rate Card]

   {#create-ham-labor-task__table_pln_ql2_hzb}
4. Select Save.
{#create-ham-labor-task__steps_w5c_4v2_hzb}

## Result

If you're working on multiple HAM workflows including a labor rate card, the same value is used for all the time recorded tasks. But a labor rate card isn't included, the Default labor rate mentioned in the task rate card is
used. For more information, see [Create a task rate card in Hardware Asset Workspace](https://servicenow-prod.fluidtopics.net/FIkM4BNLS4g2j0Big6nuhQ "Create a task rate card to define the type of task and the method of calculating the associated costs.").
**Related concepts**   

* [Asset Total Cost of Ownership for Hardware Asset Management](https://servicenow-prod.fluidtopics.net/UUms1hOTEUtx3SoGj0ynpw "Assets incur costs throughout their life cycle, including initial capital costs and operational costs. Asset Total Cost of Ownership helps Asset managers to understand, analyze, and track the Total Cost of Ownership (TCO) of assets, where the total cost includes initial capital cost and operation cost.")
* [Asset analytics view](https://servicenow-prod.fluidtopics.net/zsooIqJsW8PPM0dU2bfiLQ "Use the Asset analytics view to get a detailed view of all your hardware assets, the total cost of ownership (TCO) of your assets, and the asset performance.")
* [Asset operations view](https://servicenow-prod.fluidtopics.net/gNxfytVXv7SAsKNNR85gYw "Use the Asset operations view in the Hardware Asset Workspace to view the asset operations-related functions such as stock rules, stock orders, procurement sourcing requests, all contract renewal requests, contract renewal line items, custom products, custom models, and take appropriate actions.")

*[\>]: and then