You know that running a business can be expensive. Restaurants, retailers and hotel owners know the challenges. It’s hard turning dreams into reality.
In fact, 92% of businesses experience higher costs compared to last year. Utilities are the main source of expenses. 43% are also attributing rising costs to labour.
These expenses can eat into the industry’s profit margins. Making it difficult for businesses to stay afloat.
In today’s article, we will dive into some strategies to overcome those challenges.
We want to show you how Efficient Scheduling can help your company save time and money.
What do most businesses do?
To save money, hospitality owners can rely on sweat equity.
That’s when the owner himself needs to replace workers while trying to find extra labour. If an employee doesn’t show up for work, the owner needs to step in and fill the gap.
Once there are enough employees, the owner can step back from working in the front house.
Of course, this can interfere with the tasks only you can perform in the office.
How can Efficient Scheduling Software help?
Efficient scheduling can help your business save time and money.
For example, by creating a schedule in advance. Managers can focus on important tasks and spend less time on administrative work.
It’s crucial to ensure that the employee roster meets the demands of each week, as well. You also need to have a fair distribution of shifts among staff members.
At the same time, having a diverse mix of junior and senior employees can help you: Address the needs of the business and develop your staff.
Employees also value certainty and a good work-life balance. Providing them with a clear and reliable schedule in advance allows them to plan ahead.
Organised and accessible communication on the schedule should be a rule.
Simplifying the process of requesting holidays can also improve employee satisfaction.
How can I save time and money when managing schedules?
💵 Build and price your schedule:
As you create the schedule, keep track of the costs involved in real-time. This allows you to make adjustments and stay within your budget.
🚀 Set goals:
As August Walker in “Mission Impossible: Fallout” once said: “Hope is not a strategy.”
But KPIs are…
Key Performance Indicators can help you reduce labour costs. By setting a goal of a certain percentage each week.
They can also help you understand the needs of staff and optimised your scheduling.
Tacking wage costs helps companies find mistakes and improve operations.
Download Now Bizimply E-Book “Controlling Your Labour Costs.“ to help you cut costs without losing the quality of your services.
Make better use of what you have during the cost of living crisis.
📈Adapt to sales trends:
Adjust your schedule based on the changes in sales volume.
Increase or decrease the amount of staff working during peak and slow periods. So you improve your labour costs.
🕵 Review and analyse:
Before the start of a new week, check the previous week’s performance to look over which areas you can improve.
Utilise workforce management software to track customer feedback and track successes and failures.
🗓 Publish the schedule in advance:
Share the schedule with your employees at least a week in advance. So, if they need to request time off you will have enough time to fill shifts gaps.
Remember, customer satisfaction is crucial for your business’s success.
To wrap things up…
Cutting costs or compromising on customer service can have a negative impact. They can affect not only your employees but your business reputation.
Choose a scheduling tool that suits your needs and simplifies the process. Bizimply offers features like colour-coded shifts, easy roster creation, and leave management.
Save time, and money and improve all operational efficiency of your business. By following these tips and utilising efficient scheduling practices.