How rate banding can help business efficiency
Does your business provide services with different timescale options? For example, you might provide personal care for 30 minutes or for 1 hour… or perhaps a residential cleaning service for 2 hours or 3 hours. If so, you may well be charging and paying various different rates for each combination of service and time, which can become extremely confusing to manage!
By using ‘rate banding’ you can charge and pay different rates based on different time thresholds, not minute by minute. This makes the timesheet, invoice and payroll processes much easier and more streamlined.
Webroster.net’s new rate banding functionality helps to automate this process, eliminating all the hassle of managing multiple versions of the same product on your rate sheets; you can use just one rate sheet and assign multiple rate bands. For example, visits up to 15 minutes are £8 per hour, visits up to 30 minutes are £7 per hour, visits up to 45 minutes are £6 per hour and so on.
Therefore you can pay different rates based on set duration thresholds. Rate banding also allows users to set ‘fixed’ costs for set bands of duration of the booking. For example up to 15 minutes you can charge £5.00 set rate for any duration up to 15 minutes. So whether it’s 8 minutes or 15 minutes you can charge £5.00. Then you could set a threshold at 30 minutes and charge £8.00 for durations between 15 minutes and 30 minutes.
The rate banding functionality also follows the same rules as normal rate sheets within Webroster.net. So, you can charge and pay different rates for different time periods throughout the day (eg; morning, afternoon, evening). For many, this will streamline the timesheet, invoice and payroll processes, what do you think?