Workforce management is the most significant business activity that helps optimize the performance and productivity of the employees within the organization. It is mainly a set of practices that used to be performed manually in the past. However, with the introduction of digital workforce management solutions, the entire process is conducted without any human intervention.
Are you still in a dilemma regarding workforce management software deployment? Probably, this article will pave the way out!
Stats and facts on workforce management solutions
Scrolling down the recent statistics on workforce management, you will witness a few figures that will certainly convince you to leverage this software in your business.
In the pre-pandemic scenario, hardly a few brands used to prefer remote work environments. For them remote workplace is just a nightmare. However, with the sudden outbreak of COVID-19, there is a rise in demand for a remote workforce.
As per Forbes’s recent survey, the global mobile workforce is expected to hit 1.88 million by the year 2023. It is said that companies acquiring a more personalized approach for the employees are experiencing a healthier company culture, high talent retention, and strong employee engagement. Just imagine the employee turnover rate in the US was 36.4% in 2019. This was reduced to a wide extent.
What are the key benefits of introducing workforce management solutions?
A digitally-enabled workforce management system is rich with a plethora of benefits. Those who are still hesitating to vote for this newest approach can simply drop off your plan after reading down the following perks. Let us explore the list of advantages associated with this workforce management software!
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Easy to recruit, easy to onboard: Seamless recruiting and onboarding is the most prominent reason behind the utility of a workforce management digital solution. Many brands use additional HR recruitment software to perform the job. Surprisingly, you get the same set of flexibility from this advanced HR management software as well. You can screen the right candidates and schedule their interviews using this software, driving the selected ones towards the recruitment funnel. The system doesn’t require HR recruiters to perform the entire job. Starting from assessment to conducting interviews and onboarding the selected candidates, the system automates the entire job. This reduces half of the workload of the HR managers!
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Enhanced training and development: Many successful enterprises have invested their bucks in learning management system software to handle the training and development of the new hires and employees. You definitely require this particular module to grow the skillsets and knowledge of the employees, which in turn create a greater impact on their productivity and efficiency.
The advanced version of the workforce management software gives you the chance to improve your staff proficiency and talent with its in-build learning and development feature. Whether it is on-job training or career development, the WFM software makes it easier to continue with the employee development procedure.
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Monitor and manage performances: Training and development are followed by performance assessment. It is meaningless unless you evaluate the employee performance and figure out their efficiencies and drawbacks. The workforce management solutions give you the leverage to manage and monitor employee performances automatically.
Employees can choose the self-assessment option and get their knowledge tested online. There doesn’t require any manager or trainer to perform the job. However, the report can be accessed and thoroughly analyzed by the manager or supervisor. This gives a clear insight into the employee’s skills and talents.
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Keep track of employee benefits: Employee benefits are the key to attracting the workforce to the organization. These include regular wages, monthly bonuses, appraisals, or any other compensations that can keep the workforce engaged. However, there has to be a set limit for every organization based on its budget.
The WFM software pays a lot of attention to compensation control. It allows administrators to monitor and measure the compensation for individual employees and optimize the expenses as required. With this tool, you can set wages and fix an amount of compensation depending on your budget.
Tracking the employee benefits is pivotal when you are calculating payroll for your staff. Even your payroll processing software requires all these comprehensive data to generate accurate calculations. The WFM software performs the job without the use of any external software.
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Obtain real-time feedback: Employee feedback is very much essential if you are concerned about building talents, enhancing team efficiencies, and boosting brand performances. Feedback usually gives a clear insight into the employee’s behaviors towards the organization. However, if you look out the other way, the 360-degree feedback generated from peers, managers, supervisors, and even customers give a transparent idea about the employee’s performances.
The workforce management software thus helps the employees strengthen their activities, eliminate their flaws, and eventually make the business robust and productive. It inspires, motivates, and even builds up the confidence level of the employees, assuring them about their key performances. Even the managers use this system to identify the best-performing employees and provide them with a token of appreciation.
What are the scalable features integrated with the digital workforce management system?
The features that turn this technologically advanced system so impressive include –
- Staff scheduling
- Time management
- Feedback generation
- Leave management
- Payroll processing
- Corporate training
- Data collection
- Labor budgeting
- Reporting and analytics
- Administrative control
- Forecasting
- Security and compliances
- Pricing and plans
With such amazing features, workforce management software solutions allow you free your HR and WFM professionals from repetitive manual tasks and focus more on complex tasks that require human intervention. It results in better employee satisfaction and improves employee performance.
The Bottom Line
Omind Tech comes up with a comprehensive workforce management solution that doesn’t require a separate HR recruitment software, payroll processing software, or learning management software. You can simply connect with our professionals to incorporate this solution and enjoy tons of benefits.
