Facing increasing cost pressures from April 2024's minimum wage hike and rising operational expenses, Distinctive Inns Limited sought a Workforce Management platform to gain clear visibility into labour deployment and costs. With Fourth's AI-driven solution, they unlocked granular insights into each site's performance, identifying efficiency opportunities that led to an average 2.8% reduction in labour costs per site. Find out how they unlocked these savings by reading the full case study below.
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Distinctive Inns Limited tackled rising costs head-on! ?? With Fourth WFM, they gained valuable insights into labour spend and identified key areas for improvement. ?? Result? An average 2.8% reduction in labour costs per site. ?? Read the full story here."
Facing increasing cost pressures from April 2024's minimum wage hike and rising operational expenses, Distinctive Inns Limited sought a Workforce Management platform to gain clear visibility into labour deployment and costs. With Fourth's AI-driven solution, they unlocked granular insights into each site's performance, identifying efficiency opportunities that led to an average 2.8% reduction in labour costs per site. Find out how they unlocked these savings by reading the full case study below.
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3 months ago, the National Living Wage increased by 9.8%. Whilst this is a step forward as it aims to improve worker living standards. For businesses, it brings challenges such as: - Increased labour costs - Price adjustments - Staffing changes Which often has a big impact & leads to reduced profit margins. But if you’ve been impacted, at Sure Staffing we have: → Full transparency with our rate cards. Which means ?? ??No hidden costs. ??No hidden calculations. ??And no hidden contracting fees. So if you’re interested in finding out more, tell us your pay rates & charge. And we will send you our rate comparator challenge card to demonstrate how we can help reduce the cost of your temporary labour. Simply send us an email –?[email protected] ??
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Set your business apart by offering earned wage access (EWA) to your employees. With minimal effort and zero cost to employers, you can provide your team with access to their earnings precisely when they need them, fostering peace of mind and heightening focus at work. Interested in standing out from the competition? Connect with our team today to learn more!
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While lower inflation is welcome news, costs will still be rising in 2025. Payroll will particularly be affected.? The National Living Wage and National Minimum Wage are set to rise in April, which will directly impact payroll costs, particularly if your business is in the hospitality, retail, and care sectors In addition, as an employer, the increased Employer National Insurance Contributions rate and reduced threshold will add to your overall cost burden and further squeeze your profit margins. If you are already grappling with thin margins, these increases could put a severe strain on your business. Now is the time to reassess your cost structures, consider your pricing strategy, improve efficiency, and explore ways to remain competitive. #businessadvice #businessadvisory #businessgrowthaccountant
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The traditional pay cycle is a thing of the past.? Learn how Earned Wage Access is breaking barriers, helping employees take control of their finances, and supporting businesses in retention and growth.
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The traditional pay cycle is a thing of the past.? Learn how Earned Wage Access is breaking barriers, helping employees take control of their finances, and supporting businesses in retention and growth.
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April 2025 marks the date of an increased wage bill for all UK businesses. National Insurance Contributions and the National Minimum Wage are set to rise, meaning a significant labour cost increase that will be particularly felt by the retail, hospitality and entertainment sectors. Our new eBook takes you through a top-level summary of what's changing, what this means for the cost of your employees and a strategy to mitigate the wage bill rise with smart workforce management doing the hard work for you. Read it below or on our website ?? https://lnkd.in/giiX37j7 To learn more on how smart workforce management can help, book a demo ?? https://lnkd.in/eE4bH4AT
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The average hourly wage in the US is now $35. When you add taxes and benefits, a full-time role costs a whopping $207,594 annually! ?? In our latest Dollars and Sense webinar, April Gillam breaks down four critical expense trends that could impact your urgent care. Want to stay ahead of rising costs? The webinar is now available on-demand! Download to learn what it means to conduct expense audits, optimize staff, and implement cost control measures to keep these in check. Watch the webinar: https://hubs.la/Q02JhKsg0
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Everything is instant in today's world, so why shouldn't the money you work for be instant? Earned wage access (EWA) is empowering millions of workers worldwide. On 7/24, join the conversation with industry experts and learn about the global impact and latest innovations in EWA.? Save your spot today with the FREE code “DP240724”. https://bit.ly/4bSzqRl
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Discover the impact of DailyPay, Inc. firsthand. Hear from our valued clients on the advantages of earned wage access for both employees and employers. ?? https://bit.ly/3O7L2pZ
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Find out how Distinctive Inns cut labour costs by 2.8% by reading the full case study: https://uk.fourth.com/case-study/distinctive-inns