Monthly Archives: May 2021

Reduce Labor Expense with Stringent Management

May 26, 2021 | 188 views

Reduce Labor Expense with Stringent Management
Reduce Labor Expense with Stringent Management

Employees are both assets and liabilities. They add value to the business (we hope), but they also come at great expense. In service industries, labor costs can top 80% of all expenses. However, that number is not just only the wages paid. It also includes the cost of overtime, absenteeism, late arrivals and early departures, and abuses of the allotted time for breaks. Hourly wages are set for each employee, but you can reduce labor expenses with careful management in key areas.

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7 Ways to Work Smarter in Your Small Business

May 19, 2021 | 359 views

7 Ways to Work Smarter in Your Small Business
7 Ways to Work Smarter in Your Small Business

Imagine the perfect day at work:  no distractions, lots of customers, balanced tills, productive employees, no overtime. We want our small businesses to run smoothly, but very few days are perfect. Yet, we do have some control over our productivity and progress. But with so much to do, is working more hours a good idea? In fact, it is not—productivity decreases as the workday and workweek grow longer. But do not despair. Here are seven  to work smarter in your business.

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Employee Benefits for a Post-Pandemic World

May 12, 2021 | 159 views

Employee Benefits for a Post-Pandemic World
Employee Benefits for a Post-Pandemic World

Fortune offers several business-related newsletters that I read when I can, many of which offer insights from CEO’s around the globe. A recent executive conversation centered on attracting talent in a post-pandemic world. Deloitte US’s CEO considers the current environment the “hottest market for talent that most of us have ever seen,” and Allstate’s CEO envisions “an employee-choice model in the new world.” One consistent theme was that social issues are now business issues. And, in an employee-choice model, businesses must widen employee benefits to remain competitive.

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6 Scheduling Mistakes to Avoid

May 5, 2021 | 192 views

6 Scheduling Mistakes to Avoid
6 Scheduling Mistakes to Avoid

A common scheduling strategy is to divvy up the human resources by the hours and slots you need covered. It seems simple enough that way. But a good schedule also pays attention to key factors of productivity. When you overlook these factors, you probably make one of these common scheduling mistakes (that you should avoid).

Sticking to One Pattern. Consistency can be a good thing, of course, but scheduling has to flex based on real data. A schedule that doesn’t change when business needs change will become inefficient and more costly. Instead, review your peak hours, employee performance, and other things that are fluid. A limber scheduling pattern will improve shifts to suit your business’s ever-evolving demands.

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