In the financial analysis, you will find the following data: revenue, labour productivity, labour costs, labour cost budget, and and labour cost percentage.
Where to find this data?
Web version:
Financial Dashboard: Find it under 'Data' in the top menu. The dashboard provides an overview of key figures and includes a handy graph. Learn more.
Planning: At the top of the planning page, next to each date. Click Show to display labour cost information.
Revenue and labour cost: At the bottom of both the 'Planning' and 'Hours' pages, you can view revenue information. On the 'Planning' page, this shows the forecasted revenue and labour costs, while on the 'Hours' page, ti shows the actual results. If this information is not visible, checker whether it's enabled under 'Show' ('Separate rows').
In the app
Use the menu in the bottom right corner to find the 'Financial overview'.
Export to Excel
You can export the financial data to an Excel file. There are three options for this: a ready-made Excel, a template (which you can modify) or a custom Excel.
At the bottom of the planning, you find the forecast of revenue and labour costs:
Under the red 'Help' button, you will find an explanation of what you are seeing:
Revenue
There are two types of revenue that you can view: the revenue forecast in the schedule, and the revenue result in the time registration.
Labour productivity
You use the labour productivity to see how much revenue was generated per worked hour.
The calculation is as follows: Revenue / Number of hours
Example: You have € 2.000 in revenue. In total, your team members worked 40 hours that day. This means your labour productivity is € 50 (2000 / 40 = 50).
Labour productivity shows as "AP" in Eitje.
Labour costs
Team members have a gross hourly salary in their contracts. However, as an employer, you pay more than just the gross salary; you also cover employer charges. These are included in the labour costs.
You can read more here about the labour costs and how they are calculated.
Labour cost budget
With a projected revenue, you can find a labour cost budget in your planning. Based on the scheduled shifts for that day it will show when you are exceeding the budget. Good to know you can add another shift, or perhaps better not. For this to work, you need to set up a labour cost target. Apart from that it'd be useful to set up multiple revenue groups as well.
You find this information on the planning, on top of the page by each date. To have this shown, use the 'Show' button. Click on a revenue group for more details, as in the example below.
Labour cost percentage
After calculating the total sum of labour costs, you can also calculate how this relates to the revenue.
The calculation is as follows: Labour costs of all team members * 100 / Revenue
You can enter a target value for the labour costs percentage. If the labour costs exceed the figure you set, the numbers will turn red on the schedule and time registration. Click here to learn more.