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Many dollar stores find that sales during the Thanksgiving through Christmas timeframe are significantly higher than during the rest of the year. Those higher sales make hitting payroll targets much easier. However if you are opening a dollar store be sure that hours aren’t simply used because they are

For the entrepreneur who is opening a dollar store cost reduction is an ongoing challenge. It is a challenge that needs to be addressed in every aspect of the business. One of the most important areas of focus is payroll.

Payroll cost reduction can be extremely difficult to achieve without an ongoing plan. If you are opening a dollar store that plan needs to focus on anticipated sales, with total payroll being a percentage of the projected sales. A monthly payroll target can be established against anticipated sales for the upcoming month. As weekly sales goals are achieved, small adjustments can be made to the next week’s payroll target.

Two words of caution are warranted however. Don’t allow an extreme change in sales either up or down to drive radical changes to payroll your current staffing plans. Maintain control and make sure the change is long lasting and not just a one time occurrence. Next be sure that you are not creating too much uncertainty for your employees. If their scheduled hours are allowed to be jerked around significantly from week to week it is likely you will see higher than expected employee turnover. Unfortunately those who are able to leave first will generally be those who you can least afford to see leave.

Many dollar stores find that sales during the Thanksgiving through Christmas timeframe are significantly higher than during the rest of the year. Those higher sales make hitting payroll targets much easier. However if you are opening a dollar store be sure that hours aren’t simply used because they are

If you are opening a dollar store that plan needs to focus on anticipated sales, with total payroll being a percentage of the projected sales. A monthly payroll target can be established against anticipated sales for the upcoming month. As weekly sales goals are achieved, small adjustments can be made to the next week’s payroll target.

Two words of caution are warranted however. Don’t allow an extreme change in sales either up or down to drive radical changes to payroll your current staffing plans. Maintain control and make sure the change is long lasting and not just a one time occurrence. Next be sure that you are not creating too much uncertainty for your employees. If their scheduled hours are allowed to be jerked around significantly from week to week it is likely you will see higher than expected employee turnover. Unfortunately those who are able to leave first will generally be those who you can least afford to see leave.

Many dollar stores find that sales during the Thanksgiving through Christmas timeframe are significantly higher than during the rest of the year. Those higher sales make hitting payroll targets much easier. However if you are opening a dollar store be sure that hours aren’t simply used because they are

week’s payroll target.

Two words of caution are warranted however. Don’t allow an extreme change in sales either up or down to drive radical changes to payroll your current staffing plans. Maintain control and make sure the change is long lasting and not just a one time occurrence. Next be sure that you are not creating too much uncertainty for your employees. If their scheduled hours are allowed to be jerked around significantly from week to week it is likely you will see higher than expected employee turnover. Unfortunately those who are able to leave first will generally be those who you can least afford to see leave.

Many dollar stores find that sales during the Thanksgiving through Christmas timeframe are significantly higher than during the rest of the year. Those higher sales make hitting payroll targets much easier. However if you are opening a dollar store be sure that hours aren’t simply used because they are

not creating too much uncertainty for your employees. If their scheduled hours are allowed to be jerked around significantly from week to week it is likely you will see higher than expected employee turnover. Unfortunately those who are able to leave first will generally be those who you can least afford to see leave.

Many dollar stores find that sales during the Thanksgiving through Christmas timeframe are significantly higher than during the rest of the year. Those higher sales make hitting payroll targets much easier. However if you are opening a dollar store be sure that hours aren’t simply used because they are

ave.

Many dollar stores find that sales during the Thanksgiving through Christmas timeframe are significantly higher than during the rest of the year. Those higher sales make hitting payroll targets much easier. However if you are opening a dollar store be sure that hours aren’t simply used because they are available. Staff the store to meet the need, and you will likely find that you do not use all of the available hours during that holiday period.

That’s good news! As you enter the New Year you will typically find that sales are dramatically reduced. Having available or unused hours from the end of the previous year can allow for staffing during this slow period of sales. Opening a dollar store requires that type of creativity on scheduling.

When you are opening a dollar store look for cost reduction opportunities at all times. Payroll reduction can be achieved throughout the year. Look for every opportunity to streamline your business. Always eliminate non-value-added and redundant tasks when they are found. These permanent reductions affect cost throughout the year.

Cost reduction is an ongoing challenge when opening a dollar store. The successful entrepreneur will focus on driving cost out of everything associated with the business whenever possible. After all, less cost can mean more profit.

To Your Dollar Store Success!