In April 2024, the UK introduced significant changes to employment laws that could impact your compliance strategies…
Workforce Management
The Goals of Workforce Management
Workforce management aims to ensure you have the right number of employees for your business and that those employees are doing their jobs as well as possible.
You can use workforce management to increase productivity or cut costs, or both. It can help companies increase their bottom line by reducing expenses through improving efficiency.
Many organisations use Workforce Management solutions to manage this process and have one central overview of all their entire people operations. WFM software solutions include many different functionalities depending on the focus and purpose it serves.
A workforce management system can also help an organisation improve its performance by putting the right people in the right positions at the right times. A workforce management system can help you save money on things like overtime pay and help you make sure that your employees are happy, motivated and, in turn, loyal.
Workforce management is used in many industries, from retail and hospitality to manufacturing and healthcare, it can also be used in many different ways depending on the needs of your organisation.
How to calculate the ROI from a Workforce Management system?
Workforce management software is essential for any business looking to maximise efficiency and productivity. It can help you manage your employees, track their performance, and optimise their schedules. But how do you justify the...
How to build a business case for a new Workforce Management software?
Business cases are essential tools used to convince an organisation’s stakeholders to invest in a particular project. A business case should demonstrate the project’s potential Return on Investment (ROI) and outline its risks. This...
ROI from risk reduction provided by Workforce Management Software
Workforce Management software risk reduction
ROI calculator for Workforce Management Software – Template
If you are planning to implement a workforce management solution and need to calculate your return on investment, we have created a free Microsoft Excel calculator template that includes all of the calculations you...
Business Case Template for Workforce Management Software
If you are planning to implement a WFM solution and need to build a business case, you can download our free Business Case template for Workforce Management Software here to use within your organisation....
How much does Workforce Management software cost?
Workforce Management software has developed over the last 30 years to include lots of different levels of functionality. This can range from a simple app that shows who is off that day to an...
What is Workforce Management software?
In this article, we try to answer your questions so that you can have a great understanding of what is Workforce Management software and what functions it performs. For more information, watch our podcast...
What are the types of workforce management software?
Workforce management software is typically chosen by employers depending on their staffing model. Today, many cloud-based SAAS solutions exist to cater to a range of businesses. In the table below, we have attempted to...
What are the 10 biggest issues when implementing WFM software and how do you address them?
This blog post lists the biggest issues when implementing WFM software and how to avoid them. Any software project has its risks, and in the early stages of an organisations relationship with new software,...
The Goals of Workforce Management
Workforce management aims to ensure you have the right number of employees for your business and that those employees are doing their jobs as well as possible.
You can use workforce management to increase productivity or cut costs, or both. It can help companies increase their bottom line by reducing expenses through improving efficiency.
Many organisations use Workforce Management solutions to manage this process and have one central overview of all their entire people operations. WFM software solutions include many different functionalities depending on the focus and purpose it serves.
A workforce management system can also help an organisation improve its performance by putting the right people in the right positions at the right times. A workforce management system can help you save money on things like overtime pay and help you make sure that your employees are happy, motivated and, in turn, loyal.
Workforce management is used in many industries, from retail and hospitality to manufacturing and healthcare, it can also be used in many different ways depending on the needs of your organisation.
The functions of Workforce Management Software
Track employee Time and Attendance
In our blog, we have dedicated a whole section on time and attendance as this is one of the most important components of a WFM system.
Employee Scheduling
If you are using a vendor that provides the latest technologies, the employee scheduling software of the solution can be automated by an AI. With solutions that are not so advanced, this will still require a manager to do it manually through a drag-and-drop interface. Scheduling functionality is just as important as T&A, and our blog has a section dedicated to Employee Scheduling.
Labour Demand Forecasting
Again, if you are using advanced software, the forecasting should be done by an AI and is much more accurate than legacy solutions. Everything you need to know about labour demand forecasting is in this section.
Compliance Monitoring
Absence and Overtime Management
Workforce Analytics
This is a Workforce Analytics tool to help your managers understand any problem areas.