A retailer’s own data holds insights on how to best optimize store labor. In order to do this well, store leaders need to identify the right data, organize it, interpret it, and make the best decisions to create the right labor budgets, schedules, and daily action plans.
Historically, Finance has been seen as an optimizer of store payroll but hasn’t been regarded as a driver of sales in retail organizations. But with the right tools, Finance can transform itself into a positive optimizer of store payroll and a major driver of store sales.
The Finance department rarely gets the credit it deserves for guiding the success of retail organizations. Keeping tabs on line items throughout the company can be a thankless job. But money talks, and Finance adds the smarts to retail resource allocation.