Small Business

Infographic – The Importance of Employee Scheduling

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Topics: Small Business

By SpotOn

When it comes to running a successful business, finding the right employees is only half the battle. You also need a system in place to retain your employees. Relying on outdated methods, such as creating work schedules manually, can lead to lower employee retention, decreased performance, and lost revenue. Luckily, innovative new technology makes employee scheduling easy.

 Employee Scheduling Infographic


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THE EFFECTS OF POOR SCHEDULING

  1. Inconsistent Work Schedules: 35% of employees between the ages of 18 - 25 think they have inconsistent work schedules, & more than 50% leave work for this reason
  2. Low Employee Morale: Scheduling struggles cost small stores big in terms of employee morale, customer loyalty and lost sales
  3. Inefficiency at Work: Employees admit to wasting 50% of their time at work when they don’t have a well-structured schedule
  4. Manual Schedules: In a year, 140 hours of a manager’s working time is spent on creating schedules manually. This is a huge chunk of time that can be allocated to other high priority tasks
  5. Increased Turnover: If you have employees making < $30,000, you can expect to pay 16% of their annual salary just to find a replacement. If they make < $50,000, that cost increases to 20%
  6. Lost Sales: More than 8 in 10 retail managers believe that high employee turnover and understaffed stores make it difficult to hit their stores’ goals

THE SOLUTION

Simplify employee scheduling by implementing scheduling software tools.

  1. Easy-to-use templates so you’re not re-creating your schedules from scratch every week
  2. Integration with time-tracking and payroll software to simplify payroll
  3. A mobile app for easy scheduling anytime, anywhere
  4. The ability for employees to request shift changes or trade shifts with each other

THE RESULT

  1. Employee Retention: Employees who feel they are being used to their full potential stick around longer, reducing turnover rates and recruitment costs
  2. Employee Satisfaction: Higher employee satisfaction improves workforce morale and improves workplace culture
  3. Customer Relations: Happy employees have more positive interactions with customers, leading to higher customer satisfaction
  4. Increased Sales: Research by Harvard Business Review shows that a stable schedule holds the potential for improved sales and productivity

Sources:

1. https://hbr.org/2018/03/research-when-retail-workers-have-stable-schedules-sales-and-productivity-go-up
2. https://gethppy.com/hr-infographics/employee-scheduling-costing-your-business-money
3. https://www.retailtouchpoints.com/topics/store-operations/outmoded-scheduling-tools-result-in-short-staffed-retailers
4. https://financesonline.com/employee-scheduling-software-analysis-features-benefits-pricing/
5. https://smallbiztrends.com/2016/11/poor-employee-scheduling.html
6. https://www.workjam.com/wp-content/uploads/2016/10/WorkJam_Retail-Manager-Study.pdf
7. https://www.retailtouchpoints.com/topics/store-operations/outmoded-scheduling-tools-result-in-short-staffed-retailers
8. https://www.skedulo.com/blog/how-employee-scheduling-can-impact-revenue/

 

 

 

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