Quick Tip #37 : Schedule labor based on your financial needs using a budget and costed schedule.

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IF YOU NEED HELP CREATING A BUDGET OR MEASURING YOUR LABOR COSTS IN REAL TIME, CHECK OUT OUR NEW SOFTWARE, BACON!

When you sit down to schedule staff, are you adding them to the schedule based on your need for someone to fill a spot, or your projected labor cost? If you’re cursing at the cost of labor at the end of each month, you might need to make a small change in how you actually put together your staff.

You need to work backwards. If you do $100,000 this month and you want your labor cost to be around 30%, you have a $30,000 budget for labor. Your schedule can’t be random and haphazard – it has to be built TO THAT BUDGET, not to your needs.

There are templates for cost-it-out schedules that you can download for Excel, there’s online scheduling systems and even most POS systems have a costed schedule built in to easily include what your staff makes, what your budget is and will show you your final labor cost based on your schedule.

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