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Carefully managing your labour resources will help your business stay profitable
Carefully managing the people element of your business will save you time and money
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Managing people
In simple terms it is about managing the financial aspects of your most valuable asset – your people.
Ideally all of us want to operate with the right people doing the right things at the right time – with no down-time. Here’s the catch – it's easier said than done!
It is crucial that you control the cost of your people so that it is in line with your targeted labour cost. Use the labour cost calculator to calculate your cost of labour.
You can do this, alongside the obvious need to recruit and train effectively, through:
Carefully managing your payroll and knowing what you need to pay is vital for any manager
Costs and business profitability
Understand how to control your costs and manage your profit
Cash flow management
Cash flow is vital to any business - if you aren't watching it, start now
Measure your financial performance
Follow the key performance indicators that tell you how your business is doing
Business funding
Help your business find the wings to fly
Accounting & VAT
Properly managing your accounts will help your business stay on top
Online Calculator
Keep track of how much your labour costs as a percentage...
External Link
Sage provides HR and payroll software that can be...
Employee shift work template from Microsoft Office
Get ratios for benchmarking from Hotstats.com