One of the most common problems that afflicts companies who grow quickly is managing their workforce appropriately. It’s all too easy to fill positions as quickly as you can, without giving much thought to managing that workforce once they are in place.
Management has come a long way in the past few decades, and thanks to these technological advances, it’s easier than ever to manage even the largest staff. Not only can companies benefit from adding workforce management to their organization in terms of a better structure and higher productivity rates, companies can benefit their bottom line as well. According to Nucleus Research, the return on investment in workforce management technology is around $7.88 back for every single dollar spent.
The typical workforce management tool will include a variety of different features that will allow you to manage everything from the initial hiring phase to keeping track of employee hours and even payroll. These applications integrate the job posting and review process, allowing candidates to post video resumes and making it easier to do background checks, right within the app.
The ability to log employee’s time and attendance figures are also included in most applications and provide you with instant view reports to check on employee progress, spot potential trouble areas and make sure that your pay process is working correctly.
Most of us dread hearing the words payroll and withholding. However, with a workforce management application, everything is integrated. Not only are you keeping track of employee hours, you’ll also be able to calculate proper withholding amounts for each employee, issue checks and keep track of earnings for your IRS forms.
Instead of having to have multiple departments and managers keeping track of your employees, you can centralize the process and make it much more effective with one of these applications.