Did you know that labor cost is the largest single cost item that most hospitality businesses will incur? In this lesson, Al Amin will explain how you can calculate labor costs percentage and productivity, and how to interpret your labor data.
What you'll learn in the Managing labor lesson
- Two influences to help manage your labor cost
- How to calculate labor cost percentage
- How to calculate labor productivity
- How to apply strategies to influence and manage labor to meet budget
Who the Hotel finance for non-finance managers course is for
This online course is aimed at non-finance managers looking to develop their professional and personal skills in the field of hospitality finance.