There's been a rise in National Insurance Contributions (NIC)...and these increases are inflating your wage bill, especially in retail businesses, where overtime and variable hours are the norm.
If your scheduling isn’t efficient, you're likely overpaying thousands each month in avoidable NIC and labour costs.
Whilst this may all seem like doom and gloom, there are ways businesses can mitigate the increase in their wage bill. Labour spend is one of the biggest costs on a P&L sheet (retail businesses typically spend up to 70% on labour!), so using your labour as effectively as possible is one of the most obvious ways to keep costs down.
Luckily workforce management software like Rotageek, can do this for you by:
Reducing Overstaffing:
📉 Automatically right-size staffing using historical data to eliminate costly over-coverage.
Avoiding Lost Revenue:
💸 Prevent missed sales and poor service by ensuring peak periods are always fully staffed.
Predictive Forecasting:
🧠 AI-powered scheduling aligns shifts with demand to optimise efficiency in real time.
Reducing Overtime Expenses:
⏱️ Fill shifts using contracted hours first to cut expensive, unnecessary overtime.
Lowering Employee Turnover Costs:
🙋♀️ Flexible, employee-friendly tools boost retention and engagement on the shop floor.
Giving Time Back to Managers:
🕹️ Automate rota creation to free managers from admin and focus on running the store.
Remaining Compliant to Reduce Fines:
🛡️ In-built compliance checks safeguard against legal risks and wage violations.
Using Data for Cost-Effective Decision Making:
📊 Real-time analytics reveal where to cut waste and make smarter labour choices.
Enter a few details about your workforce and we’ll estimate:
Your monthly and annual NIC exposure
How much is due to overtime inefficiency
How much Rotageek could help you reduce this bill
Technological solutions like ours exemplify the shift towards intelligent scheduling, using algorithms and AI to predict optimal staffing levels based on historical data, sales forecasts and individual employee skills and preferences. These tools not only streamline the scheduling process but also provide actionable insights for continuous improvement, enabling retailers to adapt to changing conditions and drive efficiency.
We deliver ROI for leading high-street retailers such as...