Labor Budgeting

Development of an accurate Store Operations labor budget is often completed using a top down approach based on budgeted sales which has its limitations. A more accurate approach can be achieved using the data and functionality within the Workforce Management system. Taking a budgeted forecast of sales and tasks for a future financial period, a projected total workload can be determined and from this the necessary labor required to match the workload. Using either the ProfileManager or the WorkPlace Budgeting module, LSI can assist the Retailer to build an accurate and defensible labor budget, as well as provide immediate feedback of the effects of changes throughout the negotiation process with the rest of the organization.