# Labor Economics

This dashboard has three key components, which can be toggled at the top level of the dashboard.

<figure><img src="https://2797780857-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FSOyGjpEnKKeMwR18o1i9%2Fuploads%2FHxgY5q52xmFrN30ceuI1%2FScreenshot%202026-01-08%20at%203.07.07%E2%80%AFPM.png?alt=media&#x26;token=d100ab58-eb94-45ef-9d94-1a06c0a2472a" alt=""><figcaption></figcaption></figure>

{% tabs %}
{% tab title="Scheduling" %}
***What question does this answer?***

Am I scheduling my business in a way that I'm not leaving money on the table (not enough staff to cover the demand) or spending more than I should be (scheduling more staff than service demand)
{% endtab %}

{% tab title="Demand Utilization" %}
***What question does this answer?***

What is the absolute maximum amount of business I can take based on the location hours, chairs available and number of staff scheduled? What is the amount of business I can realistically expect to handle after deducting business & personal time blocks (breaks, trainings, housekeeping etc.)
{% endtab %}

{% tab title="Labor Utilization" %}
***What question does this answer?***

{% endtab %}
{% endtabs %}

### Philosophical Vision <a href="#philosophical-vision" id="philosophical-vision"></a>

One of the most important pieces of your business is to strategically meet the demand for your services with the proper amount of staffing. It can be very easy to over-tune in either direction, so we thoughtfully crafted a way for you to understand if you've been over-staffing or under-staffing based on what your customers are telling you.

***

{% hint style="info" %}
For more detail on how to understand this dashboard, select any of the definitions below
{% endhint %}

### Definitions <a href="#definition" id="definition"></a>

* [Overstaffed vs. Understaffed](https://docs.reportlab.io/people/labor-economics/staffing-ratio)
* [Demand Utilization](https://docs.reportlab.io/people/labor-economics/demand-utilization)

***

### How to Use <a href="#how-to-use" id="how-to-use"></a>

* Understand your trends of order volume and shifts worked
* Identify when you are over or under spending on labor

***