Staying on top of all financial budgets within your business is highly important to keep your business healthy and competitive. Labour budgets are essential to keep track of labour costs, average pay rates, and the hours of work you are rostering.

RosterElf’s web and smartphone software will allow business owners and managers to compare and analyse significant labour trends. For example, managers can compare the past six weeks of business trends - including labour costs, hours, and the average pay rate. If your business runs in multiple sites or locations, business owners can view labour trends across their business.

To ensure your business is accurate and effective with budgeting in RosterElf, there are a few quick changes you can make now.

Pay Templates 

These are the groups of pay within your business or industry award. For example, you may have a pay template titled ‘Under 18’, which may include pay rates only for staff under 18. Setting up pay templates will help structure and organise your account.

Pay Rates 

Pay rates include the typical rates of pay as well as loading for weekends and public holiday shifts. If your business recognises overtime, this too can be a pay rule.

Unpaid Break 

You can set the time allocated for an unpaid break and how many hours into a shift it will kick in. For example, your business industry award might allow 60 mins unpaid break after 6 hrs into your shift. RosterElf allows managers to update this and create accurate labour costs and budgets.

Sales Targets 

If your business is utilising sales targets depending on your industry, such as retail or hospitality, setting sales targets into your weekly roster will help to determine accurate labour percentage. This metric is essential to track as it determines how well your business brought in revenue against the labour costs of your business.

By entering actual pay templates, pay rates and unpaid breaks, RosterElf allows you to view how well you are tracking towards meeting labour costs, average pay rates, and how many hours you tend to roster each week.

This is a clever tool for business owners and managers to track their labour costs to their overall financial budget. It could help managers hire productive staff and grow their business into more locations or markets.

You can download our full suite of supporting apps here:

 Apple iOS Time Clock

 Google Android Time Clock

 Apple iOS RosterElf

 Google Android RosterElf

For further information or if you would like to book a demo session, please  contact us at:

1300 353 000

Best wishes!

Chris Fordyce

Customer Success @RosterElf