The first place I look when helping a newsagent address cash-flow issues in the business is the roster. Too often the roster is either done for convenience or for laziness: convenience to reduce owner time in the business or laziness because the roster never changes.
Identifying the daily labour cost in dollars focuses attention. Most newsagents find savings immediately on seeing the daily labour cost.
Every hour saved is a bottom line benefit to the business. While this places more pressure on the owners and or existing staff, the financial benefit is crucial – especially if the business is paying off debt.
If you don’t roster knowing your labour spend by day, work it out. Better still, use roster software which provides this.
FOOTNOTE: Here is the problem with a post like this: it is boring. While rostering to a budget is an important newsagency management task, it is something the majority of newsagents do not do … to their cost.
Mark, I know eziroster calculates a weekly labour spend, is the daily labour spend an update for the future?
Peter, if you email help@eziroster.com.au that gets the suggestion in front of the development team. I am leaving these decisions completely up to them.