With increasing wage and revenue pressure across senior living, executives are focusing on cost control strategies. Jim Rubadue, Vice President of Customer Success for OnShift, a leader in human capital management software for senior living and a Senior Housing Forum partner, notes that managing employee overtime is low hanging fruit when it comes to ways to reduce costs. After all, labor is a senior living organization’s top expense, typically representing about 60% of the operating budget.
With strategies in place to control overtime, even a minor reduction can lead to significant savings. Jim offers 5 tips to keep your overtime budget under control.
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