Peak Season Rostering: How to use data to meet demand and raise profit
The number of festivals, trade shows, conferences, and marketing meetings is on the rise. According to Eventbrite Australia, 54% of businesses plan to host more events in the future. And with several major holidays like Easter and ANZAC Day just around the corner, businesses face an increased demand in products and services. Hotels, pubs, retail shops, and restaurants all encounter staffing challenges during peak season. Businesses that do not roster with increased demand in mind risk losing out on profits and providing quality customer service.
Is effective rostering easier said than done? For many managers, there is too much guesswork involved to really be successful. Without modern tools, managers roster based on what has worked before, some even based on gut feelings alone. But each small staffing decision can impact costs and productivity in a huge way. How you respond to the flow of operations throughout the day also matters. Instincts and guesswork can only take you so far. Data about employees, wages, and operations can change the game for businesses, especially those that rely heavily on shift workers. Check out these three data-driven tools that help you meet demand and raise profit!
1. Cover all your bases with Key Alerts
Anything can happen after publishing a roster. Monitoring tardiness and breaks, substituting unavailable staff, and calling in extra help are all part of running a shift. And losing track of them has severe cost and productivity impact that accumulate over time. For example, if staff clock-in or out late, the business doesn’t have the appropriate level of staff. There could be too few or too many for several minutes, even hours. If there’s only one person rostered and they’re 10 minutes late, the revenue potential for those 10 minutes is zero. Your quality of service suffers tremendously. That’s where Key Alerts comes in.
Key Alerts helps you make sure that the staff sticks to their rostered hours. It lets you know who clocks-in or out late, doesn’t take breaks, or takes breaks too long. This is helpful throughout the year, regardless if it’s peak season or not. But especially during peak season, deciding on whether to allow overtime is crucial, particularly when it comes to being on top of wage costs and additional allowances. Key Alerts, which comes for free with Tanda’s mobile app, also flags managers if staff is approaching overtime. The data lets you decide between paying overtime and calling in another capable staff member. And because software takes care of monitoring for you, all bases are always covered.
Read more: Why Live Workforce Data is the Future
2. Respond to changes in real-time with Live Insights
Getting Key Alerts throughout the day is one thing, but responding to real-time demand is another. For hospitality, retail, and food businesses, events in the area cause an uptick in customers. Sometimes, the change can be so unprecedented that the staff is swamped and customers are left unsatisfied. Fortunately, you already have something at hand that can help you keep up: your Point-of-Sale (POS) system. Your POS can track the number and type of sales each employee makes, and more importantly when they make those sales. The same data can be used to optimise your daily operations.
Live Insights, or real-time staffing, utilises data from your POS to tell you if you’re under- or over-staffed. Previously, managers needed to wait for end-of-day reports to see if the rostered staff was enough and how the business went overall. With Live Insights, multiple staffing decisions can be made throughout the day in response to real-time data. You can see how much you’ve made compared to how much you’re spending on wages. You can also see how sales compare to expected numbers. Based on this data, you can adjust staffing levels to make sure targets are hit and customers are happy.
3. Plan ahead better with Cognitive Rostering
Continuously learning from experience to plan better is the key to success. Many businesses rely on optimising wage costs to ensure a decent profit margin. During peak season, there is a real opportunity to recover from slow days. You can engage more customers and create programs that can keep them coming back throughout the year. But when you overspend on wages, that opportunity is lost. So how do you get the staffing level right? How do you make sure that your customers are getting the best service without spending too much on wages? The simple answer: use technology to learn better.
With Cognitive Rostering, you don’t have to remember how you built your most effective roster a year ago. Using indicators such as wage percentage of sales, this tool builds the perfect roster for you. And because it learns how your business is doing, the more you use it, the better it works. Cognitive Rostering uses your own data to save you time, effort, and money. You can test millions of scenarios for every roster to find the optimal solution, and you can concentrate on more important tasks like training staff or developing sales strategies. In short, you can empower yourself to grow your business faster than you ever thought you could.
Stop guessing — Become a data-driven workforce
Technology for businesses has definitely gone far. But they can go much farther, right into the heart of your business: workforce management. No company or organisation will survive without its workforce. For many businesses, especially those that rely on shift workers, wages are the biggest overhead expense. However, we often use outdated systems to manage them. Data and digital technology are highly transformative, and businesses need to take advantage of them. Key Alerts, Live Insights, and Cognitive Rostering are testaments to the difference data can make on operations, whether it’s peak season or not.
There is no way around it: meeting demand, raising profit, and growing your business can only be done with a data-driven workforce. You need to use technology not only to solve workplace challenges but also to optimise it. Investing in the correct workforce technology platform can increase productivity, savings, and even sustainability. The long-term benefits of shifting to a workforce technology platform are more than worth its initial birthing pains. Taking advantage of these tools may well determine if you will succeed in this increasingly fast-paced business environment.
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Why employees love Tanda’s Workforce Success software
Workplace automation, including the use of artificial intelligence and robotics, is expected to surge in the next three years, according to multinational insurance broker Willis Towers Watson. This development is unsurprising, as automating HR can lead to significant cost savings for your organisation, especially when implemented in managing attendance, eradicating benefit errors, and automating compliance. With the growing demand for advanced technology use, automating HR processes is not an eventuality, it’s a necessity. But streamlining processes and lowering administrative costs is only one side of the coin. Yes, owners, employers, and managers stand to gain a lot from ensuring that the business is ready for the future. But employees, too, are benefiting from workforce technology platforms that not only ensure wages are paid accurately and on time, but also introduce flexibility and increase transparency in the workplace. Employees love Tanda’s workforce success software because it empowers them in more ways than one. Read about how Tanda is making a difference in workplaces around the world. Error-free Timesheets and Pay Runs The first and most obvious benefit of workforce technology platforms is error-free timesheets and accurate pay runs. Companies that still use manual methods for timekeeping and pay calculation can cause employees to second guess if they’re really getting paid the right amount every time the payslip arrives. In fact, Australia recently had a spate of wage theft accusations, leaving in its wake damaged reputations and millions in back wages. Owners and managers commonly cite a lack of understanding of Australia’s complex award system as the reason it happens. Read more: Taking Back Time: Solving the enduring wage theft problem in Australia Switching to the Tanda employee time clock app ensures staff that their shifts are recorded accurately throughout the pay period. Timesheets are processed with Tanda’s award interpreter, to account for modern awards of Fair Work Australia as well as other enterprise award agreements. This is then exported in a format compatible with a host of payroll integrations, making pay runs quick and reliable. This increases the level of trust and transparency between employers and employees, which in turn increase productivity and engagement in the long run. Better Work-Life Balance When employees have a healthy work-life balance, they become more fulfilled with their work, and more invested in the future of the company. There are a number of ways flexibility can be introduced into a company without hurting the bottom line. For instance, Tanda’s unavailability calendar feature lets employees tell their managers whenever they might not be open for shifts. This helps the company create rosters around each person’s unavailability. Another feature, leave management, optimises the leave request process and lets staff file requests via the web browser or employee app. For some companies, more novel solutions like shift swapping are providing employees with more options to achieve better work-life balance. It allows shift workers to trade shifts with one another when the need arises. This lets shift workers strike a balance between their personal commitments and work responsibilities. Tanda’s shift swapping feature that integrates into its time and attendance web and mobile apps. It lets staff request to drop or cover a shift right from their mobile phone, making it easy for them to start the swapping process. Read more: Achieving Workforce Success: Shift Swapping for Managers Reliable Rostering and Communication Employees need to know their schedule well ahead of time so that they can plan their upcoming week. Tanda’s web-based rostering software cuts down the time companies spend making the weekly roster. Cognitive Rosters® can be connected to your existing roster templates for the predictive suggestion of staffing requirements. Once approved, Tanda sends the roster to staff via SMS, email, or employee app. Employees can then inform their manager of any leave requests or else apply for a swap, dramatically reducing the chances of unfilled shifts throughout the week. Proper rostering is extremely important because overstretched employees aren’t productive. Too few staff on a given shift affects how they engage customers and respond to demands. Tanda’s Predictive Workforce feature uses sales data from the business’ Point-of-Sale (POS) to give an accurate forecast on how many people are needed on any given shift. During the day, Live Insights can be used to make key decisions on whether to call more people in, ensuring that the high quality of operation is sustained and uninterrupted. Read more: Introducing Live Insights: Using real-time staffing to secure your business Transparent and Engaging Workplace According to a survey done by Interaction Associates, 86% of employees say that they are more productive if they trust their employers. A separate study by advocacy group Trust Across America found that trustworthy companies outperform companies in the Standard & Poor’s (S&P) 500 Index. Building that kind of game-changing trust starts with transparency within the organisation. Employees must know that their company is working in the interests of all and they are open about the information that matters to them. With a world-class workforce success software like Tanda, employees have access to a portal that lets them know their time and attendance records, time off allowances, and upcoming shift schedules. It also increases employee engagement in other ways, like clocking in by taking a selfie on the Tanda Time Clock. Starting the workday with a smile can change the employee’s whole perspective, which can lead to a better rapport with customers and fellow coworkers. And with Tanda doing most of the admin work, employees have more time to do the things that matter to them. Read more: Crafting Workforce Success at Windsor Alehouse Why Workforce Software Matters For the modern employee to do their best at work, they need to feel that the company is supporting them and is willing to adjust to their needs from time to time. They need to know that the company they’re working for pays them correctly, supports their life commitments, and effectively communicates with them at all times. Companies can make all this happen by moving on from outdated processes that bogs down human resource management. By using workforce management software, employees are more motivated to work, empowered by a platform that allows companies to drive trust, engagement, and the ultimate employee experience. Ready to find out what Tanda can do for your business? Book a demo today.
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Achieving Workforce Success: Becoming a Data-driven Workforce
Achieving workforce success (WS) means being driven, open-minded, empowering, and the ultimate master of your work. In this part of the series, we’ll focus on being driven. WS Champions are driven because they are doers who maximise their resources in order to deliver quality outputs. One readily available, indeed ubiquitous, resource is data. How do you use data to achieve WS? Today’s professionals constantly and consistently use the cloud, analytics, mobile, and social technologies. Data, and how we share data, is at the very core of how we get work done. From the way we calendar meetings to how we collaborate on reports and track progress, we always use some form of technology. The applications of technology have gone far. But they can go much further, right into the heart of business: workforce management. No company or organization will survive without its workforce. However, we often use outdated systems to manage them. Data and digital technology are highly transformative, and businesses need to take advantage of it. So what does it mean to have a data-driven workforce? It means harnessing technology to not only solve challenges in the workplace, but also to optimize it. Investing in the correct workforce technology can empower employees while resulting in long-term savings for the business. Below, we explore how your organization can develop a more data-driven workforce. Automating time and attendance Cloud, analytics, mobile, and social technologies are key innovations that have had an impact on the workplace. Integrating any and all of these into day-to-day operations can revolutionize the way you work. You can do this via cloud-based automation of time and attendance. This is a popular solution because time and attendance are “highly necessary but tedious processes that are the fastest and cheapest to automate,” according to Terry Walby of the FinancialDirector. When you shift to a cloud-based HR platform, you can expect reduced administrative costs. You can also expect automated onboarding for new employees, and more accurate timesheets. You will no longer need to manually track leaves, sort out onboarding documents and attendance records, or calculate payroll manually. Best of all, you will never need to worry about wage theft accusations. Read more: Taking Back Time: Solving the enduring wage theft problem in Australia Wage theft, and the millions in back pay some businesses have had to comply with, is not an issue with the correct automation software. With all this out of the way, managers can spend more resources planning for the business and improving morale. Integrating automation Besides time and attendance, management firm Ascentis also recommends automating benefit calculation and legal compliance. Optimizing shifts and shift swapping Cloud-based HR can also help you optimize shifts by ensuring that you have the right person, in the right place, at the right time without having to physically check in on your employees. Software like Tanda can predict staff counts: it determines staffing levels with smart algorithms and facilitates updating your roster to reflect that. This way, you can save money on labor while delivering the best possible service to your customers. Even better, Tanda’s new feature, Shift Swapping, takes shift management in service-oriented industries to another level. Hospitality staff, for example, can request to drop or cover a shift right from their app, while the manager controls all swap approvals and roster updates. Absences are inevitable, but unfilled shifts are not, so the shift swapping feature is a useful addition to service-oriented industries. Read more: Achieving Workforce Success: Shift Swapping for Managers Using data to expand business Finally, a data-driven workforce means being able to use data to not only succeed in the day-to-day tasks but also to expand the business. More systems today are being integrated, facilitating a better analysis of how the business works. They make it easy for owners and managers to generate financial and operations reports. Seeing the big picture and planning for the future is easier with the right data at hand. With cloud-based HR, managers and business owners have access to insights that were not available before. You can correlate different types of data for better benchmarking purposes. For example, Tanda lets managers track business revenue and labor costs in real time while complying with all the labor and data privacy laws. Managers can make smarter decisions and ensure that the business will grow over time, without having to do excessive administrative work. Read more: The Digital Workforce Success Revolution: Why you need to shift to cloud-based HR today Data has had an unprecedented impact over the way we do things at work. Indeed, it is almost impossible to imagine a time before the cloud, analytics, mobile, and social technologies. The long-term benefits are more than worth the initial birthing pains, as most businesses see an increase in workforce productivity and savings. Taking advantage of these innovations may well determine if a business will succeed in this increasingly fast-paced world. Ready to find out what Tanda can do for your business? Book a demo today.