Project & Resource Management Glossary

What is

Workforce Management

?

Workforce management is the process of planning, scheduling, and managing employee work schedules to ensure that organizational goals are met. Workforce management includes forecasting labor demand, creating employee work schedules, and managing time and attendance.

What is workforce management software?

Workforce management software is a technology-based solution designed to streamline operations in the workplace. It helps companies better manage their workforce and maximize efficiency by automating processes such as payroll, scheduling, attendance tracking, time tracking and more. Workforce management software also enables employers to track employee performance and engagement metrics, set goals and objectives, receive feedback from employees and use analytics to assess where improvements can be made. By using this type of software, companies can reduce costs associated with hiring staff, maintain accurate records of employee data, increase productivity through better team collaboration and get an overview of the business's entire workforce. Additionally, workforce management solutions help alleviate administrative burden for employers by eliminating manual tasks like calculating paychecks or manually entering data into spreadsheets.

What does workforce management do?

Workforce management is a powerful tool for businesses that enables them to monitor, manage and optimize the performance of their staff. By using this type of software, organizations are able to track employee attendance, performance, and engagement metrics and use analytics to make better decisions regarding staff scheduling and budgeting. With workforce management tools, companies can also set objectives and receive feedback from employees as well as automate payroll processing and time tracking systems. Additionally, with these types of software solutions, employers have an easier time calculating paychecks or manually entering data into spreadsheets which saves both the employer and employee time in the long run. This kind of technology is beneficial for businesses that need to keep up with ever-changing regulations or those with multiple locations across different countries as it helps maintain accuracy when it comes to employee records even when dealing with a large number of staff members. Workforce management technology also helps improve team collaboration by allowing managers to easily assign tasks or approve requests from remote employees. Ultimately, this software solution allows companies to save money by streamlining operations and increase efficiency without sacrificing quality of work or customer service.

Contents
What is
Workforce Management
?
See who is working on what to efficiently balance workload, increase utilization, and boost profitability.