As you begin setting up your RosterElf account for your staff and business, you may have seen the 'trends' section on your dashboard. Only account owners and managers of your business will see this; it is a valuable tool at your disposal.
Business owners and managers get a live view of past business cost trends by accessing the drop-down menu of the 'trends' section.
Businesses can't afford to blow over their human resources and payroll budget.
Rostering via documents or spreadsheets fails to accurately track key business metrics such as labour costs, pay rates, and hours recorded. Managers always intend to create the lowest cost rosters and keep up with seasonal fluctuations.
RosterElf incorporates a clever rostering trends section for business owners and managers to review constantly. This is available with both the basic and pro plans. Roster trends display a 6-week business cost graph that outlines business spending for hours allocation, labour cost, and the average pay rate for your published rosters.
1. Hours
Hours represent the number of hours you publish rosters for each week. Here you can compare each week's rostered hours to keep on target.
2. Labour Cost
Labour cost is the total cost of all your labour for the week and the amount you have paid staff each week.
3. Average Pay Rate
This is the average hourly pay rate you provide to your staff each week, which you can track against industry standards for your industry award.
By staying on top of business costs, you can increase your budget in areas of your business that may require further attention and support. Roster trends play a big part in understanding your significant business costs and keeping labour costs to a minimum. RosterElf provides access to business trends for owners and managers to compare week by week.
RosterElf recommends account owners and managers regularly check their business trends and track them against labour budgets. This will help manage labour costs and keep labour budgets to a minimum.
Healthy businesses constantly review their budgets and costs to ensure the business can grow and compete well in the marketplace. Likewise, successful business owners and managers should always stay up to date, be fully aware of all their business costs, and look to invest in weaker areas of the business.
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
help@rosterelf.com
Best Wishes!
Chris Fordyce
Customer Success @ RosterElf
