Benefits of Workforce Management & Planning
Imagine if your organization always had the right amount of staff doing the right tasks at the perfect time and place. That’s what a workforce management system can do for you.
Workforce management (WFM) is about more than just improving how efficient your business is. A successful workforce management solution will help you boost employee productivity and job satisfaction while also reducing costs, improving security, and gaining valuable insight into your business goals.
In this article, we will explore what WFM software is and why you need it to build a streamlined, people-first organization that helps your business remain competitive.
Why is workforce management important?
No matter your industry, workforce planning is essential for helping your business stay consistent and organized. WFM software is designed to:
Reduce costs by helping you identify issues such as over-staffing.
Save time for your scheduling managers by creating automations.
Manage security issues such as building access.
Ensure compliance with labor laws and other legal matters.
Manage employee attendance and schedules quickly and easily.
Trying to handle all these complex processes without software would be more than just a logistical nightmare. It can also lead to legal issues, higher employee turnover, unforeseen expenses, and more. With that in mind, let’s learn about the top 5 benefits of workforce planning below.
1. Reduced Costs
One of the most important benefits of workforce management software is that it helps your organization save money. Labor is almost always the number one cost for businesses. Imagine how much money your organization could save by streamlining and automating the administrative tasks that slow down your workforce.
Solutions like Ban-Koe’s vIDix Labor simplify the process of tracking time, absenteeism, and late punch-ins. More than that, vIDix Labor integrates seamlessly with your payroll software. With its employee self-serve function, staff can also request time off, access their own reports, and do other tasks that reduce the amount of time your scheduling managers need to spend.
Want to see vIDix labor in action? Schedule a demo with us to see what it can do!
2. Streamlined Scheduling
No matter how big your organization is, scheduling always presents a challenge. Juggling scheduling conflicts, holidays, vacations, medical leave, and shift-swaps is nearly impossible to do on your own.
One of the best benefits of workforce analytics is that you can easily identify labor patterns and make better decisions. Ban-Koe’s vIDix Scheduler can save the headache of keeping track of all the various scheduling factors you need to consider. More than that, the software can help you anticipate business trends so you can make data-driven decisions without worrying about over- or under-staffing.
3. Better Compliance
Another benefit of workforce planning is that software makes it much easier to comply with labor laws and family leave requirements, among other regulations. With an automated workforce management solution, you don’t need to worry about issues such as scheduling shifts that are too close together or complying with FMLA and other regulations.
With software that automates and streamlines your workforce, it’s also much easier to ensure employees are getting their required breaks. This allows you to comply with labor laws while also reducing the chance of costly fatigue-related incidents.
4. Improved Accuracy & Security
Errors of any kind can be costly for a business. When you consider how much labor costs businesses, even small inaccuracies can have a big impact. Using a time clock or even a time clock app can greatly reduce errors with employee punch-ins. Software like vIDix Labor makes it much easier to collect and analyze time data to prevent mistakes.
Workforce management software can also enhance security at your business. Using employee badges is a great solution for improved facility security, but also for clocking in. Our vIDix -Control software allows you to design and print badges while also managing all of your security data.
5. Higher Employee Satisfaction
When you consider that replacing an employee costs anywhere from 50% to 200% of the employee’s salary, all businesses can benefit from taking steps to retain employees.
Software solutions like automatic schedulers make it much easier to accommodate flexible schedules, which can be a huge boost for employee retention. At the same time, employee self-service options allow your staff to have more control over their schedule and be more productive.
If you’re looking to reduce costs, boost productivity, cut down on errors, and improve your employee satisfaction, workforce management software might be just what you need.
At Ban-Koe, we offer a wide range of advanced solutions that can take your business to the next level. As a trusted vIDix partner, we’re excited to discuss how this software can help your business. Email our sales team at sales@bankoe.com or request a live demo to see how our software can transform your business.