Understanding and Using Labor Productivity Measurements in Your Hotel

Event Details

In our business operators are not typically focused on units of production compared to units of labor. I have a system I teach my clients that is straightforward and does not require any software. This includes how hotels can establish key business indicators “KBI’s” for individual departments to use when planning/scheduling and tracking actual results by  area. This can be readily applied to any size hotel operation with no capital cost, just some work.

  • You cannot manage what you can’t measure – you need a system
  • The minimum wage is not something you can control – the work schedule is
  • Learn a straight forward system to use in any size hotel to measure and manage productivity
  • No capital or new computer systems required – just some work
  • Applicable for both rooms only and rooms + food and beverage operations
  • Establish, schedule, track and manage units of production vs. hours worked
  • Establish an EFTE tracking system
  • Create incentives for improved results and innovative ideas
  • Learn to manage your biggest expense better with a system to follow and better insight

Webinar Pricing:   Members - Free   |   Non-member - $149

 

Webinar presented by:

David Lund, The Hotel Financial Coach - David Lund is The Hotel Financial Coach, an international hospitality financial leadership pioneer. He has held positions as a Regional Controller, Corporate Director and Hotel Manager with an international brand for over 30 years.

He authored an award-winning workshop on financial leadership and has delivered it to hundreds of hotel managers. David coach’s hospitality executives and delivers his Financial Leadership Training, helping hotels increase profits and build financially engaged management teams. David helps aspiring hotel leaders overcome their uncertainty with the financials in a safe and productive environment. The coach also consults on hotel financial statement and system design, financial policy and asset management.

He speaks at hospitality associations and company events and he has had many articles published in hotel trade magazines. David has a popular weekly blog on all things Financial in hospitality. David is the author of the book, Seven Secrets to Create a Financially Engaged Leadership Team in Your Hotel.

David is a CHAE through HFTP and a Certified Professional Coach