The difference between making a good profit or a bad loss on your manufacturing projects can be as simple as effectively tracking your staff labour hours to accurately determine the true labour cost attached to each project. To improve your labour cost tracking involves several elements, including correctly measuring staff time and staff cost on a job-by-job basis, and getting it right will save (or make) you tens-of-thousands of dollars each year.
From an industry wide perspective, working to improve your labour cost tracking is an integral part of growing the manufacturing industry in Australia.
If you are still tracking the profitability of your business or individual projects using spreadsheets there is a pretty good chance they are extremely complicated and out of date which makes getting an accurate picture of how much time is spent on each project very difficult.
Effective measuring profitability for project management and manufacturing business requires a thorough understanding of your true people costs, with labour costs allocated correctly to each job and task – as it’s performed.
WorkGuru’s all-in-one business operations platform provides a number of powerful features which enables you to run your manufacturing or engineering business efficiently.
Integrated timesheets, accessed through a web kiosk, allow all your staff to enter their timesheets and material usage directly against any project they are working on, with the added benefit of providing a real-time snapshot of staff productivity and project profitability.
Making the right decisions depends on accurate and timely information. Viewing actual labour costs as they occur allows you to adjust project rosters through close tracking tools.
Live analysis of labour costs combined with superior workforce management functionality increases your productivity and reduces labour wastage. WorkGuru allows you to track what’s going on in your workshop, who’s working on it, and when it’s supposed to be finished.
Seamless integration with Xero allows approved timesheets to be collated and incorporated into your payrun.
Built for Australian businesses, WorkGuru is incredibly easy to use, provides support for you to make the right decisions and allows you to get on with running your business with a minimum of fuss.
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