Retail Managers Wasting Time Counting at the Back

Anxiety to Embark on New Strategy

Be More Productive

Do you experience spending time on your back office counting money and preparing a deposit slip and lost your time in checking the operation?

Or having a headache because after a long tiring day and you spend so much time in counting you realize that you forgot something in your list and you have to do it and come up that you need to work over time with no extra pay.

You weren’t understaffed right? After the working day you ask - How can I spend less time in the back office verifying the safe, counting cash box, and preparing deposits and spend more time managing the details that really matter? But again, after that day you do the same routine again and again.

In any retail establishment taking in currency and coin as a form of payment, there is going to be time spent verifying the safe, counting cash box, and preparing deposits. At a minimum, this is going to be done at least twice per shift. If more than one shift is required at the establishment, the minutes can turn into hours. On average, for multi-shift operations, companies are spending 2 labor hours per day devoted solely to counting money.

In addition to the normal opening checklist, morning managers must verify the safe from the night before, verify the cash box and give the incoming cashier an opportunity to verify the money. Although we all know that doesn’t happen because of the labor matrix. We’ll not even go into details of the situation of a customer disputing the denomination of bill that they just handed the cashier and the amount of time needed to count down the till while there is a line of customers. The mid-day shift change is the most common time for operations to break down and the breakdown is normally a result of the managers being in the back office and the amount of time taken to count down the cashbox and prepare the deposit.

It doesn’t matter what sector of retail you’re in, everyone knows that the operation runs better when the management is on the floor. The staff is friendlier and more attentive, the lines move faster, the food quality is better and the establishment is cleaner.

There are tools that can dramatically reduce the amount of time that you spend counting money.

One good tool is having a Coin Case.

Most of the retail industry spend mostly of their time in counting coins. Having a coin case will not tolerate you to count coins one by one, no more actual counting, all you need to do is to fill up the case and let the case canal separate your coins into 5 pcs instantly while you realizing that you can able to do a glance counting. Also this case want you to be more organize and efficient, which let you save your time for recounting every time you need in no time.

But observation is that, to a significant extent, managers spend time performing unproductive, time-wasting activities to avoid or escape from job-related anxiety.

Most managerial jobs are a blend of familiar routines and innovative activities. In general, people experience more anxiety when they embark on new activities than when they engage in those parts of the job that they have already mastered.The desire to avoid anxiety will cause an executive to repeat familiar patterns and shun innovative activities.

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