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How do your wage costs compare to sales?

22 December, 2015 Tasmin Trezise

Ever since man invented the time and attendance system, he has sought to answer the age old question of how changes in staffing levels relate to revenue. Or in its simplest form, how do my staff costs compare to my sales?

It’s the sort of question that’s not too hard to answer if you look at your reports once a year. Just look at how much product you sold, and the sum of all your pay runs. But if you want your reporting at a more granular level, it starts to get a bit tricky. That’s why we’ve been hard at work building exactly that. We’re happy to confirm it’s definitely worth it.

Once you can answer that, you can answer other questions like which stores are performing best and who are my high performing staff?

By linking Tanda to your point of sale system, you can now see exactly what percentage of revenue your staff costs were on a daily, weekly, monthly, or any other basis you like.

staff-costs-view

You can also compare across pay periods. Not sure why wage costs differed substantially one week to another? A change in revenue could give you a clue.

compare-costs

So that’s on a company wide level, which is all well and good, but what if we want to dive deeper? If you have multiple departments in Tanda, and multiple point of sale registers, you can get your reporting broken down on a per-POS basis.

per-POS-basis

Use this to figure out which stores, registers, or departments are the most (and least) profitable. Then dive down into timesheet reports and attendance analysis to learn more about who’s performing best within these sites.

And as always, you can see a detailed breakdown of which times of day are busiest – based on your POS – when building new rosters.

sales-data-roster

Does linking your time and attendance to your POS sound handy? Sign up for a free trial of Tanda today. If you’re already using Tanda, get in touch and we will help you set these features up on your account! Soon you too will uncover the ultimate answer to the ultimate question.

Answer_to_Life

(sorry, not that one).. Huh?

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