Wednesday, April 16, 2014

Superior workforce management with workforce analytics

“In today’s volatile economy, companies are looking for new ways to do more with less and seek out efficiencies from their existing processes.”
Superior workforce management with workforce analytics
Traditionally information collected by workforce management systems served to assist the pay office in automating the payroll processing function. However accurate time and attendance data can be utilised to drive efficiencies across different areas of an organisation.
 
Automated time and attendance produces live reports with accurate, real-time data and analytics that can provide management with a better insight into their workforce. With this information at their disposal, they can identify potential problem areas, and take immediate action to resolve them before they have an adverse affect on operations.

Integration with other core business IT applications such as ERP, Outlook Email, Payroll, HR, and point of sale systems, further extend the use of workforce management information and corporate investment in IT systems.

Business areas where time and attendance information is proving to be particularly beneficial are job and labour costing, absence management, workplace health and safety and fatigue management.

The emergence of improved biometric data capture devices and the rapid growth of smart mobile technologies have also extended the reach of workforce time and attendance tracking, enabling organisations to effectively monitor employee activity and performance data regardless of where their teams are physically located.
No longer limited to payroll processing, this information is now being utilised to gain greater operational efficiencies, facilitate WHS and fatigue management initiatives, and plan production cycles and cost projects.