Chris Blaine, CCO of Planday, comments: “Following the government’s announcement of increasing the minimum wage by 6.7%, many hospitality businesses will be looking into solutions to help minimise the knock-on effect to their profit margins.
“One simple way to do this is to streamline rotas using shift scheduling software tools such as Planday which helps businesses save on salaries. Tools like this can create more accurate rotas to help maximise profits: they can avoid overstaffing for slow shifts, and when times are busy they can ensure they have the right amount of staff to maximise the revenue they generate.
“As with any change to government legislation, it’s vital that hospitality businesses start preparing now to comply with the new law to ensure they can retain their most valuable asset – their staff.”
About Planday:
Founded in 2004 by two shift workers – Planday is a shift planning software designed to make it easier for managers and hourly workers to communicate, collaborate and get work done. The brand empowers businesses by making the relationship between hourly workers and their managers more efficient, transparent and productive, which leads to better business returns. Planday grew out of a simple idea that first emerged in a Danish bar: scheduling and communication should be simple and straightforward for both managers and employees. The product has six core elements: scheduling rotas, communication, payroll, employee management, time tracking and reporting. The brand was acquired by accounting platform Xero in 2021.