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Synerion Blog

What Can A Workforce Management Solution Do For My Business?

Posted by Team Synerion on Jan 16, 2014 9:54:00 AM

what-can-a-workforce-management-solution-do-for-my-business


Workforce management (WFM) encompasses all the activities, processes, and tools needed to manage a workforce. A comprehensive WFM includes planning, forecasting, scheduling, and tracking workers to optimize the balance of customer, employee, labour laws, and organizational needs. We explore below 10 benefits a proper workforce management solution can do for your business:



meet-strategic-obectives1. Meet Strategic Objectives

  • Workforce Management solutions enable organizations to meet strategic objectives by tying deployment and utilization of the workforce to organizational goals and business demand.

 


reduce-administration-and-payroll-errors
2. Reduce Administration and Payroll Errors

  • Human resources are vital to the efficiency and productivity of any organization.
  • Reduce or eliminate data entry mistakes by using self service time reporting or integrating to time clock devices for automated time and attendance.

 


eliminate-expensive-mistakes
3. Eliminate Expensive Mistakes

  • Overpayment is the number one leading human error an organization can make.
  • A WFM system in place, data can be imported directly into the system and called upon when needed.
  • employee management ensures that data is always accurate and the bottom line is not negatively affected.

 


monitor-planned-costs-vs-actual-costs-with-increased-labour-visibility
4. Monitor Planned Costs vs. Actual Costs With Increased Labour Visibility

  • A WFM solution provides daily insight for management to see their planned costs against their actual costs – allowing for changes to be made immediately to stay within budget.

 


match-business-demands-with-appropriate-labour
5. Match Business Demands with Appropriate Labour

  • By using a combination of budgeting, planning and analytics and/or an optimization tool to reconcile data with the availability, skills, and eligibility of personnel to work to support them.

 


increase-productivity-and-transparency-with-self-service-tools
6. Increase Productivity and Transparency With Self Service Tools

  • Save managers and employees’ time and the reduction in paperwork with the use of self-service workforce management tools.
  • Eliminate the need to wait for information from other entities, with readily accessible data for direct and fast communication between employees and managers
  • Improved service to employees through transparency of data that applies to them and savings in reporting time.

 


centralize-data-collection-for-multiple-locations
7. Centralize Data Collection for Multiple Locations

  • Companies with multiple locations have the option to install a time clock at each location, or implement an employee/manager self-service solution.
  • Either way, all information can be gathered into one centralized system that can be easily managed.

 


compliance-with-labour-laws-policies-and-union-agreements
8. Compliance with Labour Laws, Policies and Union Agreements

  • Reduced risk of statutory and/or union non-compliance and prevention of grievances and penalties.
  • Reduced exposure to regulatory risks through proper compliance with labour, health and safety laws and regulations.

 


control-labour-costs-create-significant-short-and-long-term-roi
9. Control Labour Costs - Create Significant Short and Long-Term ROI

  • For some industries, labour costs can account for 50 percent or more of total operation budgets.
  • With an effective employee management solution in place – staff reductions, hiring freezes, schedules, budgeting and forecasts can all be  monitored to meet operational demands and boost short and long term ROI.

 


maximize-yield-and-operate-at-full-efficiency
10. Maximize Yield and Operate at Full Efficiency

  • A workforce management solution equips management with real-time information to monitor staffing, analyze budget performance and control labor costs, all while continuing to focus on increasing production and profit margins.

 

 Ultimate Guide to Reducing Labour Costs

Topics: Workforce Management

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