The Shout NZ November/December 2021

Page 33

last round


With summer approaching, and plenty of uncertainty still in the air, FlexiTime CMO Jake Harvey shares some strategies for boosting your bottom line with effective management of rostering, timesheets, and payroll.


he uncertain climate of the last two years has affected businesses across the board, but the hospitality sector has been hit harder than most - particularly high-density venues such as bars, pubs and clubs. Of course, it’s also been tough on hospo staff, with regular disruptions and decreased earnings during lockdowns, and additional rules and regulations to enforce at other Alert Levels. How can you, as a business owner or manager, streamline your operation to maximise profitability in this environment, while keeping your staff happy and at the top of their game?

TECH TIMESAVERS Whether you’re already using technology to run your staff operations, or managing things with spreadsheets and calculators, now’s a good time to review your setup. Technology moves fast, and it’s worth taking the time to ensure you’re making the most of the best cloud-based tools available. The tools you need to manage even the most complex hospo operations are at your fingertips. Ideally you should be connecting your rostering, timesheet, payroll, HR and accounting systems together so the data seamlessly flows through. When you build a suite of integrated cloud-based management

apps, you’ll begin to see the magic of increased accuracy and time savings emerge. If not, you’re not only lagging behind, you may also be missing out on vital cost savings with significant potential to impact your overall business performance. The move to upgrade to smarter technology may feel like an overwhelming and time-consuming hurdle, but the potential for improving long run efficiencies is massive. Getting things in place before the (hopefully busy) summer season is highly recommended. DATA IS POWER Simply put, access to real-time data drives better business decisions. Gone are the days of a hospo boss relying on vague head counts, verbal particulars or manual tallies while they drown in a sea of paper. Improvements to tech-based payroll and workforce management are offering incredible insights and tools for a savvy owner or manager to take advantage of. Maintaining the right cost/revenue ratio is crucial to success, especially in times of uncertainty or when every trading hour counts. Real-time data can allow you to review forecasts against actual revenue. Having access to a breakdown of wage costs on an hourly, THE SHOUT NZ – NOVEMBER 2021 33

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