Managing Labor Costs
Introduction
Chapter Outline:
- Introduction to Labor Costs
- Identifying Labor Costs
- Defining and Measuring Productivity
- Factors Affecting Workplace Performance
- Improving Productivity
- Productivity Standards
- Staffing Guide
- Fixed Labor Costs
- Variable Labor Costs
- Scheduling Staff
- Staying within Budgeted Labor Cost
- Position Performance Analysis
Learning Objectives:
- Identify the costs included in total labor cost
- Define labor cost terminology
- Describe factors that affect productivity and ways of increasing productivity
- Identify several different productivity measures
- Use labor productivity measures to determine foodservice operation staffing.
- Recognize the link between accurate forecasting and labor scheduling (and labor cost)
- Identify best practices for controlling and reducing labor costs
Key Terms:
- Fringe benefits
- Overtime
- Minimum staff
- Variable labor/payroll cost
- Fixed labor/payroll cost
- Productivity
- Employee turnover
Source: Beth Egan, https://psu.pb.unizin.org/hmd329/chapter/ch13/
This work is licensed under a Creative Commons Attribution 4.0 License.