Retail Payroll Forecast Management

A retail store’s profitability is closely tied to the sales the store makes and the money it pays to the staff on its payroll. A store manager is always looking at optimizing the staff that they have working on any particular day, balancing with the need of having certain type of skills on the floor to address customer needs and to closing on-floor sales. Much of this planning is done manually today.

Retail Payroll Forecast Challenges

Resource Availability

Ensure the availability of resources, meaning both staff and materials, by spotting and resolving any resource conflict. For instance, not having a resource double booked on two shifts at once

Sales History

Sales on this day in the previous year gives an indication of what to expect and plan for

Projected Sales

Project sales forecast for the day helps Managers optimize their Payroll

Previous Days Sales

Knowing how the store performed the previous day allows the managers tweak their Payroll to align to targets.

Staffing Commitments

Having a published staffing plan allows the staff to plan and commit their availability

Resource Utilization

Plan and track resources to avoid excessive utilization, reduce costs

Using Boardwalk Digital Ledger for Retail Payroll Forecast Management

The Boardwalk Digital Ledger allows peer-to-peer collaboration that eliminates manual re-entry of digital data, streamlining information flow for effectively managing their staffing and payroll

Productivity
‍

Automate the time-consuming aspects of staffing resource management so staff can focus on doing their work and not on emailing updates to each other

Data Integrity
‍

Eliminate copying/pasting of staffing data improves efficiency and reduces errors

Integration
‍

Enable multi-party collaboration for all your process data and integrate it with your front and back office

Seemless Scalability
‍

Easily handle and scale your existing process with multiple currencies, multiple languages, global payroll and billing functions, and local employment laws

You can’t meet retail customer expectations for service if it’s too hard for staff to give current availability and quickly align it to plan. Boardwalk can help you make sure you don’t miss a sale by being short staffed

Benefits of using Boardwalk for Retail Payroll Forecast Management

Better Process Data

Process participants can easily view and share the same data which can dramatically increase efficiencies, reduce errors, and eliminate redundancy

Better Decisions

Having all your staffing and sales data in the Boardwalk Digital Ledger provides a consistent, validated, and trusted data source for store profitability information

Staffing Confidence

Employment, educational, and other records stored in a digital ledger reduces the time spent calling previous employers, and working with educational verification and background check companies

Retail Payroll Forecast Management

Retail Payroll Forecast Challenges

Using Boardwalk Digital Ledger for Retail Payroll Forecast Management

Benefits of using Boardwalk for Retail Payroll Forecast Management

Company

Applications

Applications

Applications

Applications

Applications

Applications

Company

Retail Payroll Forecast Management​

Retail Payroll Forecast Challenges

Using Boardwalk Digital Ledger for Retail Payroll Forecast Management​

Benefits of using Boardwalk for Retail Payroll Forecast Management​

Company

Applications

Applications

Applications

Applications

Applications

Applications

Company

Retail Payroll Forecast Management

Using Boardwalk Digital Ledger for Retail Payroll Forecast Management

Benefits of using Boardwalk for Retail Payroll Forecast Management