What is workforce management?
Workforce management refers to the management strategy through which organizations optimally utilize the productivity, scheduling, and performance of their employees as well as the alignment to business objectives. It entails projecting labor demand, checking attendance, measuring productivity, and staying within policy.
Through the use of effective workforce management systems, the businesses lower operational expenses, enhance employee satisfaction, and increase service delivery in general. The contemporary workforce management tools and analytics solutions have largely facilitated the digitalization of workforce management processes so that managers can base decisions on data and respond swiftly to the evolving workforce requirements.
Examples of Workforce management
1) The company adopted a new workforce management system to improve staff scheduling.
2) Effective workforce management ensures employees are deployed where their skills are most needed.
3) HR uses workforce management analytics to track productivity trends.
Synonyms
- Staff Coordination
- Employee Scheduling
- Human Capital Management
- Labor Optimization
- Workforce Planning
