Updated: Feb 25, 2022
You would think with the continual developments in technology today that the possibility of human error would have been eliminated. It’s certainly a nice thought to entertain.
But it’s just not the case.
A number of businesses still hold tight to their old fashioned ways and I hate to say it – but Microsoft Excel, is most certainly one of those. Why is it that often we hate to get rid of the things we’ believe’ serve us so well, but we ‘know’ to be outdated.
We develop this close bond with them and they create what we call a safety net for our business.
Let’s be honest. There will come a time in the near future where you’re investment in current software is going to leave you in the dust of your competition. It’s up to you to decide if you’re going to jump ship before it sinks, or whether you’re going down with it.
Here are some quick tips to help you begin your journey towards rightly accounting for those employee costs:
Incorporate ALL the additional costs for your employees each week (superannuation, annual leave, insurance). Doing this weekly ensures you don’t get any surprises come end of the financial year
Communicate these figures with your head office and always work to a weekly budget
Highlight your most important metrics (e.g. wage cost)
Use indicators and warnings to identify when you’re getting close to your budget.
goRoster helps to gain much more clarity with respect to where you’re sitting financially and can aid you in trimming back the excess from those employee costs. Click here to give our free trial a go, and lets see how we can help you gain back control over your costs again.