Boating Industry Intelligence You Can Profit From
8 a.m., Tuesday, Nov. 8
Maximizing Your Effective Labor Rate, with Bob Schwartz
Controlling effective labor rates in the service department is crucial to profitability. Small variances from a posted rate to an effective labor rate are not uncommon. Extreme variances aren’t out of the question, either. You need to know the most common causes of low effective labor rates and how they can be eliminated or reduced. Because maximizing effective labor rates, proper pricing and having a sufficient number of hours to sell are all factors that are intimately connected with our final objective: The profitability of our service department and dealership as a whole.