Do you still want to save on labor costs in 2024?

As a hospitality entrepreneur, you are probably already aware that wage costs are going to rise sharply in the hospitality industry. Entree Magazine reports that during the collective bargaining negotiations between hospitality trade unions and KHN, it was decided that hospitality staff will receive up to 12% more salary as of January 1, 2024. Igor Timmermans , co-initiator of a major labor cost survey, reports on BNR : “With the PVV as the largest party, which wants to further increase the minimum wage, according to him (Timmermans) a vicious circle threatens. ‘The hospitality industry has already had it pretty rough, with the repayment of COVID support and now this hefty wage increase.”

Earn daily on payroll costs

A hefty pay raise requires a grip on your labor costs. By strategically planning your workforce, you will save considerable percentages of your wage costs. Nostradamus proves that every day. Nostradamus offers a smart planning system which pro-actively supports your company in personnel planning. This clever system uses data analysis to forecast the number of visitors. By studying existing data about visitor numbers, the system can make predictions about labor costs. Do sales seem to be disappointing? Then Nostradamus communicates opportunities to reduce labor costs. You also schedule more strategically if you know which employees still have a lot of overtime or who have the highest hourly rates. Hospitality entrepreneurs can use these insights to make proactive staffing choices to minimize the impact of rising labor costs.

Maintain margins in 2024

In the management dashboard of Nostradamus, you continuously compare the expected turnover with the labor costs. With this insight, you can immediately start saving on your labor costs and preserve your margins. In addition, you can strategically plan your roster preventively and schedule the right employees at the right time.

Turnover turns out to be disappointing? In management, you can easily see how to scale down your staff so that only the necessary labor costs are incurred to achieve the turnover.

Schedule a demo

As we prepare for the challenges of 2024, our smart system provides an opportunity for hospitality entrepreneurs to smartly deal with rising labor costs. Our guarantee: sign up for a demo now and save on your payroll costs as early as next month. Want to know more? Schedule a demo!