Labor Cost Forecasting Template Excel

Labor cost is a major expense in service organizations therefore forecasting template excel are now designed by understanding the requirements of different types of companies and industries to help the owners by making effective forecasting decisions and therefore making operational expenses on time.

Format of labor cost forecasting template excel

·         Hourly wages

·         Kitchen staff salaries

·         Food sales

·         Labor charges/total sales

·         Management wages

·         Management salaries

·         Management total

·         Administration or other wages

·         Administration or other salaries

Imagine you as a restaurant owner therefore to forecast labor cost you are required to notice the wages and salaries amount paid by you to your staff.

Excel template is used to show the category of staff employed and the type of payment procedure used to pay them. Once you can calculate the total expense of salaries you can forecast it easily.