Deciding to invest in Workforce Management Software (WFM) can be a significant decision, particularly for small and medium-sized businesses. Many businesses may hold off from making the investment due to concerns about the value of the benefits that it might potentially deliver. However, this reluctance to take the plunge can hold your business back.
WFM software can have a considerable impact on your business productivity. Increased productivity and overall efficiency will, in turn, deliver cost savings for your business. This means that over time, your WFM software will deliver significant returns, more than covering the initial outlay on developing the software.
What is Workforce Management Software?
Workforce Management Software (WRM) is a digital tool that is designed to help businesses simplify key tasks related to employee time management, workforce organisation, and payroll. It automates key processes supporting productivity and ensures that companies can maximise their human capital.
While generic WRM solutions are available, bespoke workforce management software can provide businesses with greater flexibility and task-specific support. Over time, these benefits can have a positive impact on the efficiency and competitiveness of the organisation.
What are the functions of a Workforce Management solution?
A workforce management solution should deliver a range of benefits for any business with employees. Each of these benefits will ultimately deliver a return on the initial investment.
These include:
Improved workforce productivity
By removing a range of manual processes, a bespoke WFM enables you to provide more efficient management of key policies that govern scheduling, time worked, and attendance. This provides improved visibility that makes it easier to timetable, make better use of human resources, and manage absences. It also ensures that all staffing needs are covered at any time, with mechanisms in place to support a quick response should things change.
Reduced Cost
More productive scheduling and streamlined use of employee assets ultimately starts to reduce HR management costs. This means that less time will need to be spent on administrative tasks while making it easier to track budgeted hours. Hours worked and absences can be better monitored to provide greater accuracy and accountability.
Accurate Data
Workforce Management systems provide managers with detailed, timely, and accurate data. It provides a range of time management tools, allowing managers to get a better overview of how employee assets are being deployed. Fuller and more accurate data enables managers to make more informed decisions.
Create Safer Workplaces
A Workforce Management system can provide facilities to enable employees to quickly report health and safety incidents. This encourages employees to be proactive when it comes to workplace safety as the process becomes more streamlined and automated.
When you opt for bespoke WFM software you can decide on the range of features you would like to include. The software can be developed to better meet your operational needs, maximising the benefits, and increasing the cost savings.
Understanding ROI in WFM
Return on Investment (ROI) measures the gains that are made by implementing WRM software, relative to its cost. WRM software can deliver time savings that result in reduced costs, compared to not implementing the new system.
A bespoke WFM system should help companies reduce their labour costs, predict demand, and ensure schedules are optimised. In other words, companies can make better use of their employees, ensuring that their time is spent more productively while building staff loyalty over time.
A WFM system should also increase efficiency, save time, as well as improve the satisfaction of employees and customers. This should create a positive working culture, with better staff retention, reducing recruitment costs and increasing customer revenue.
Bespoke Workforce Management Solutions from InTeck
At InTeck, we create entirely bespoke software solutions that meet the unique needs of our clients. When it comes to WFM, we take time to fully understand the HR needs and challenges of the client, before developing a flexible, scalable solution that delivers.
We can create a comprehensive WFM solution that can be integrated with other relevant systems and can grow and develop with your organisation. Our WFM systems deliver a real, ongoing return on investment over time.
As a family-led business, our friendly approach ensures you have input throughout the development process.
If you’d like to find out more about WFM solutions our team will be happy to answer your questions.
Call 0800 368 5220 or email info@inteckltd.co.uk to find out more.