Story image

How automated systems are maximising ROI on workforce management

17 Aug 2016

There are a multitude of costs associated with running a business, but a sheer chunk of them come down to the human resources

According to the Human Capital Management Institute, the workforce represents 70 percent of the average organisation’s total operating costs. This represents a huge opportunity for executives looking to manage this expense more tightly, and automated workforce management systems are a great way to strategically manage labour spend, while gaining a higher return on investment (ROI).

“Time and attendance tracking, workforce scheduling, leave case management, workforce analytics, and fatigue management, should all be automated,” says Leslie Tarnacki, VP and GM, WFSL A Workforce Software Company (WFS Australia). “Even by conservative estimates, a successful workforce management project can save the business millions in annual recurring expenses, freeing up budget for other strategic initiatives.”

If you’re still on the fence, WFS Australia has put together six ways automated systems can maximise a business’s return of workforce management investment.

1. Control Costs: Real-time visibility into workforce capacity and deployment means managers are able to quickly identify where cost-saving measures can be implemented.

2. Increase efficiencies: The elimination of manual processes can reduce human errors in pay calculation and data collection, helping organisations to rapidly process accurate retroactive calculations. It also helps reduce admin workloads for HR teams, as self-service tools let employees manage their own shifts and time off.

3. Boost morale: Automated systems help promote work-life balance by giving employees real-time visibility into time-off accruals and letting them bid for and swap shifts.

4. Simplify compliance: Compliance risks can be reduced as automated systems manage a full range of national and local wage laws, leave regulations, union rules, corporate policies and regulations specific to an organisation’s industry.

5. Extend the value: According to Tarnacki, organisations that integrate the real-time data from automated workforce systems with existing technologies (like ERP and payroll systems) will gain maximum value for their investment.

6. Reduce your total cost of ownership (TCO): Cloud-based solutions reduce TCO and can ensure that organisations remain up-to-date via incremental updates.

Security flaw in Xiaomi electric scooters could have deadly consequences
An attacker could target a rider, and then cause the scooter to suddenly brake or accelerate.
Four ways the technology landscape will change in 2019
Until now, organisations have only spoken about innovative technologies somewhat theoretically. This has left people without a solid understanding of how they will ultimately manifest in our work and personal lives.
IDC: Top 10 trends for NZ’s digital transformation
The CDO title is declining, 40% of us will be working with bots, the Net Promoter Score will be key to success, and more.
Kiwi partner named in HubSpot’s global top five
Hype & Dexter is an Auckland-based agency that specialises in providing organisations with marketing automation solutions.
Moustache Republic expands Aussie presence with new exec
The Kiwi digital commerce partner has appointed a Sydney-based director to oversee the expansion of the company’s Australian footprint.
Epson’s new EcoTank range with two years printing per tank
With 11 new EcoTank printers that give an average user two years of printing and cost just $17.99/colour to refill, Epson is ready to change the game.
Te reo Māori goes global via language app called Drops
If you’re keen to learn a few words of Māori – or as much as 90% of the language, you may want to check out an Android and iOS app called Drops.
Reckon Group announces a steady profit in 2018
Reckon continued its investment in growth throughout the year with a development spend of $14.3 million.