To set Labor Rates for your company, go to Settings > Company, and scroll down to Labor Rates and Costs. In this area, you will see four labor categories - Engineering, Installation, Management, and Programming. Within each of these four categories, you can create four Labor Types. (An example for this would be if you have a junior and a senior engineer for whom you have separate rates and costs.) After you have set your Rates and Costs, click Update Labor Rates and Costs. Now these Rates and Costs will be automatically pulled into each new project that you create.
Note: This does not affect rates in already existing projects.
To find out how to set specific Labor Rates for a project, click here.