We have all come to the end of the month with a sick realization that there’s more month left than money.
If you bid on jobs based on annual or seasonal labor hours, your small business might have a similar situation. If each month there is more calendar left than budget hours, you can find yourself over budget, compounding your losses each month. If too many of the hours on the job were overtime, the issue is exacerbated as your labor dollars explode by 50%. Or for businesses that get paid based on weekly budgeted hours, and employees work less than the budget, not only are you leaving money on the table, the quality of the work could be subpar. Either situation could leave your business struggling to survive.
Some well-intentioned business owners may use elaborate spreadsheets to track labor hours, but that is a tedious, time consuming and highly imperfect method. Spreadsheet data is not real-time, interactive nor predictive. Have you been looking for help?
This is where a telephone timekeeping system does more than capture accurate time for payroll. Our new Budget Planning tool and Schedule Manager analyze actual hours along with future schedules to help monitor your budgets in real-time. Through interactive charts and easy-to-follow color-coded graphs, you will know each day if your budget is on track or not.
Make better decisions when the Predictive Budget tool systematically and automatically suggests schedule changes to correct your course. The scheduling data becomes even more dynamic. As you schedule employees, their actual and scheduled hours for the week are in plain view so that you don’t schedule them for overtime.
Budget monitoring. Suggestive scheduling. Overtime management.
It is Predictive Technology that gives you the power to control your own future, not be stunned by it.
This is truly life changing. It’s dream saving. And it’s simple.
Budget Planning coming May 1.