Are you spending too much on your labour?
JULY 21,2014 | ROSTERELF UPDATES | By SARA KELLY
We're aware that businesses are spending way above their average industry labour-spend.
The hospitality industry labour-spend, for example, should be between 30% to 35% of revenue. However, using fantastic feedback since the launch of our online employee scheduling software RosterElf, people have confessed to us that they are spending 45+%! That can equate to a total loss of $3000+ a week due to employers' lack of awareness and employee roster control. And that's where we can help. Our rostering software enables you to budget for each site individually and automatically calculates your needed daily hours to stay on budget!
To budget by labour percentage, all you need to do is fill in:
1. Daily Sales Target - This is what your expected revenue is for each day
2. Daily Labour % Target - This is what percentage of your revenue you want to spend on your labour. All industries are different, but a great benchmark to aim for is 30%
3. Daily Average Pay rate - This is your fully loaded pay rate, including the loadings and superannuation.
And then we do the rest. Your calculated figures are then on screen as you roster. No more flicking back and forth from your roster to your budget and calculator. With RosterElf, you can see your budgeted hours vs your actual, and they automatically change as soon as you modify your roster, enabling you to keep on track with your spend.
Start your free trial today! RosterElf Magically Simple Staff Rostering.
RosterElf is built with you in mind. Our online staff scheduling tool handles all your employee scheduling needs.
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