Published by: Fundera Ledget

 

Say you operate a restaurant and you’re making a schedule for the week. Your job is to allocate your workforce in such a way to maximize productivity while ensuring labor costs don’t exceed sales. You also have to comply with regulations regarding minimum wage, overtime, and local worker “Bill of Rights” measures that have been enacted in some cities. And don’t forget about vacation and sick days!

If you operate a business with more than one location, you multiply the amount of times you have to do these calculations. If you manage a distributed workforce that needs to be able to operate remotely—such as caterers or movers—you also need to factor in travel time.

There’s always room to grow.

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