The industry leader for hotel labor optimization releases a complete guide to bulletproof budgeting and employee retention, helping operators save up to 15% on labor costs.
ATLANTA – Hotel Effectiveness released the 2022 Labor Perfection Toolkit, including its first-ever budget calculator. Planning for 2022 will be different and more complicated than it has ever been before, and this toolkit was built from the ground up to help hoteliers develop and validate 2022 budgets. The 2022 Labor Perfection Toolkit includes a labor success plan with insights from key industry operations leaders, access to custom local performance benchmark reports, and the flagship labor budget calculator.
Hotel owners can no longer rely on prior year performance for 2022 planning due to unpredictable travel patterns fluctuating demand from different business segments. It is critical that the planning for labor – the largest hotel operating expense – is accurate and reliable. The Labor Perfection Toolkit provides guidance and tools for managers to calculate labor budgets, identify efficiency opportunities, and improve staff utilization to reduce overall expenses by as much as 15%. The free toolkit also includes select access to Hotel Effectiveness’ proprietary industry benchmarks for productivity and wages, developed by comparing actual performance of more than 5,000 U.S. hotels.
"The past two years have changed the game for hotel operators. The only thing predictable for 2022 budgeting is uncertain, volatile demand," said Del Ross, chief revenue officer, Hotel Effectiveness. "The goal of our Hotel Effectiveness 2022 Labor Perfection Toolkit is to help hoteliers produce reliable staffing plans and budgets that eliminate waste and ensure 100% perfect labor costs."
The 2022 Labor Perfection Toolkit is free and available to the industry at hoteleffectiveness.com/2022. The toolkit contains:
1. The 4 keys to a Labor Success plan. Hoteliers will learn zero-based budgeting, dynamic labor planning, utilizing benchmarks to help manage GOP, and smart, cost-effective tips to maximize retention and minimize turnover.
2. Full visibility into labor hours and potential costs in 2022 based on an exclusive, benchmark-based labor budget calculator.
3. Custom brand and market benchmark reports that offer hoteliers a way to compare hotel staffing and productivity levels with similar hotels. The reports provide tips and suggestions to mitigate lost margins and reward over-performing teams.
The Hotel Effectiveness technology team incorporated data from hotel operations, combined with feedback from surveys and 1-on-1 conversations with customers.
"We're bringing our 13 years of labor-management data expertise to design technology tools to immediately address today's hotel operations pain points with the 2022 Labor Perfection Toolkit," said Ross.
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