The Australian Bureau of Statistics just released the latest Consumer Price Index, which jumped to 7.8% last year. Some of the biggest contributing factors are the rising electricity and grocery prices. Food increased by 9.2% and electricity by a whopping 8.6%*. We are experiencing the fastest inflation increase in the last 30 years, and 2023 will be no different.
With increasing costs in almost all sectors of the economy, it is more crucial than ever to stay on top of inflation by using modern technology to cut down costs and labour.
Labour is the biggest cost factor for small businesses
These times can be quite challenging for small businesses considering the increasing living costs. Managing your business effectively and increasing productivity is more important than ever. And that’s where RosterElf can help you lower your expenses for labour. Using our rostering and payroll software can save you up to 8h a week and 4% on labour.
If you still use a lot of manual procedures for everyday operations like payroll processing, invoicing or rostering, it is the right moment to switch to our rostering software to streamline your employee management.
How RosterElf helps you cut your costs:
✅ Create and publish rosters with ease
✅ Save time with our digital time clock and staff attendance solution
✅ Handle Australia’s complex award system with ease
✅ Ensure your business is Fair Work compliant
✅ Avoid underpayment and save time by using our Xero payroll integration
Do you want to learn more about RosterElf, and we can help you beat inflation? Book a call with our team today and learn how to get the most out of our rostering software!
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*Source: https://amp.abc.net.au/article/101890702
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