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"Infor WFM Workbrain gives you that ability. Designed to automate and standardize the time and labor processes for large, distributed enterprises, the solution features a broad set of workforce management processes deployed on a field-proven, enterprise-class open architecture. With Infor WFM Workbrain, you have the web-based tools you need to empower employees with self-service capabilities and enable your management team to make fact-based decisions in real time."
Source: Infor

Resources Related to The ROI of Your Labor Force:

The ROI of Your Labor Force

Workforce Management Strategy is also known as : Workforce Technologies, Efficient Workforce Scheduling, Workforce Regulations, Workforce Productivity, Infor WFM Workbrain, Workforce Software, Workforce Time and Attendance,
Workforce Absence, Managing Workforce Investment, Performance Management Processes, Workforce Optimization, Workforce Business Trends, Workforce Solutions, Productivity of the Workforce, Maintenance of the Workforce-Processes, Benefits of Employee Self-service, Infor Labor Workforce, Human Resources Departments, Employment Labor, Labor Forecasting and Scheduling, Return on Investement of Labor Force, Typical Workforce Management Solutions, Innovative HR Leaders, Labour Pool in Employment, Improving the Performance of Workforce, Day-to-day Operational Analysis.

Table of contents

   

Executive summary

There is real value in your workforce. By driving innovation in the front-line people-processes, human resources can attain the full heights of its strategic value.

Leading HR organizations have driven real returns by extending their reach to the front lines of people processes. As investors increasingly scrutinize measures like profit per employee and labor cost as a percentage of revenue, the need for HR to measure its business impact in dollars has never been more intense.

PwC Saratoga's annual study results show that workforce productivity, as measured by metrics comparing labor costs with revenue, increased in 2007. Labor costs as a percentage of revenue dropped to 28 percent, the lowest level since 2005. At the same time, revenue per full-time employee (FTE) grew to $355,358, an increase of almost 8% over 2006. These productivity figures suggest company leaders are successfully managing their workforce investment.

Labor costs are the single biggest expense on the income statement in most industries, so improving the performance of your workforce can drive your corporate performance. Even seemingly small changes in workforce productivity can have a huge impact on the bottom lines of large organizations. Consider an organization with a $1 billion US payroll that reduces labor costs by 2%: the resulting $20 million in cost savings would certainly pique the interest of any CFO.

Your company can achieve the same kind of results if you optimize your most important asset—your workforce.

Finding the value in your human capital

Few would disagree that people count as an organization's most strategic asset. Being strategic means delivering initiatives that are critical to the success of the business.

Historically, Human Resources departments have attacked the challenge by focusing on the employee relationship. By developing first-rate benefits programs, skills and training delivery, succession and compensation planning, performance management processes and recruiting, HR rightfully felt that they were contributing to the development of this key asset.

But a back office focus on the employee relationship can only take HR so far. HR must extend its influence and impact beyond "the worker" to "the workforce."

The workforce is more than the aggregate of all employees—the workforce is the engine of operations. As your largest single controllable expense and largest driver for value creation, your workforce as a whole must be managed optimally. This workforce optimization provides the two key ingredients of strategic HR. It provides the real-time labor input for core HR efforts, while also producing the measurable business impact that HR needs to deliver.

Focus on people to impact front line productivity

Given the high financial stakes of workforce productivity, a strategic HR program must align itself with the needs of line managers. Line managers have a direct impact on the cost of labor, the profitability of operations, and the productivity of the workforce. HR can no longer simply provide a support function within an organization; it must enhance the efficiency of people processes.

While there's no need for a hostile takeover of operations, HR can help deliver tools that assist line managers in managing the workforce.

Delivering innovative tools isn't a new concept to HR. Employee self-service—personal data maintenance or life events management—is a good example of HR innovation reaching the front lines. These initiatives have typically transferred tasks from administrative clerks to employees. Perhaps as a result, industry findings tag the self-service payback at three years among organizations that have attempted to measure returns.

But the benefits of employee self-service go beyond cost savings, extending to operational improvements. As Webster Buchanan Research points out "One of the benefits of automating manual activities is that it generates data that can be used for a range of business intelligence needs, from day-to-day operational analysis to workforce business trends. Because self-service tends to improve data accuracy—by eliminating rekeying and putting data accuracy into the hands of the beneficiaries—it also improves the quality of the resulting analysis."

If HR is to impact business success, it must help the business confidently measure the impact of the workforce. Consider the scheduling process, a mission-critical activity. After all, stores can't open, goods can't be manufactured, and products can't be sold if the right employees aren't there to make it happen. Yet all too often, critical workforce processes are handled by disconnected systems requiring significant manual intervention.

HR needs to drive innovation and efficiency in operations by bringing to bear tools and solutions to the line that are people-related, not simply HR-related. Getting operational in this way helps HR drive workforce productivity, measure it, and benefit from it.

Fortunately, leading HR organizations are charting this course—and reaping the benefits.

Get tactical to be strategic

To improve their material impact on the bottom line, HR professionals are focusing on workforce technologies that impact operational effectiveness. That is, tools that support managers and employees where they work. The shop floor. The retail store. The tarmac. The hospital ward.

To do this, innovative HR leaders are looking beyond the long-term planning and maintenance of the workforce—processes like demand planning, organizational competency management, compensation analysis, recruiting and onboarding—to the day of operations processes that dramatically impact business performance.

Shifting HR's gaze from the back office to front line workforce processes is the key to operational impact. The ROI associated with optimizing these processes—labor forecasting and scheduling, time and attendance, and operational self-service—provides a tremendous opportunity for HR to positively affect the income statement.

Labor forecasting and scheduling

Accurate labor forecasting and efficient workforce scheduling is critical to optimal workforce performance. For many organizations, this is a cumbersome, ineffective process, and supervisors spend many hours a week building shifts that don't align with workforce demand. A host of constraints, including employee schedule preferences, minor laws and other workforce regulations, and budgeted labor spend, affect the supply of labor. Reconciling that variable supply with ever-changing demand for labor (i.e. store traffic) becomes a giant math problem.

Across a range of industries, accurate labor forecasting combined with new scheduling technology now delivers employee schedules that maximize coverage while minimizing labor spend. According to research from the Aberdeen Group, "Best-in-Class companies achieved a 36% average improvement in staff productivity as a result of integrating their scheduling process with the organization's workforce management strategy."

As Aberdeen explains "An efficient workforce scheduling process enables a company to allocate the right people, with the right skills, in the right place, at the right time. As a result, it has direct impact on a company's ability to decrease costs, increase workforce capacity utilization and productivity, as well as escalate overall customer satisfaction."

Some of the quantifiable benefits a company can recognize include:

Benefit Area Representative Results
Decreased supervisor time spent scheduling National retailer's store supervisors reduce scheduling time by 2.5 hours per week; spend more time coaching employees and servicing customers
Reduced absenteeism and resulting call-in pay Major airline reduces incidence "overstaffing" due to planned absenteeism by 5%
Better compliance with company, union, and Dept. of Labor scheduling policies and laws Retail chain decreases exposure to minor law violations; eliminates risk of $10,000 per infraction fines
Reduced gross payroll Large theater chain reduces work hours with scheduling efficiencies

The benefits of workforce scheduling technologies are driving better bottom line results across many industries, including retail, manufacturing, healthcare, transportation, and the public sector. By shepherding workforce deployment technology into operations, HR can deliver the quantitative savings CFOs cherish. At the same time, core HR metrics—workforce satisfaction and retention—can create dramatic improvements due to better alignment of schedules with employee preferences and union contracts.

Time and attendance

Managing employee time and attendance is a daunting task for managers of large, complex workforces. Frequently this process is manual, with front line managers completing paper timesheets and attendance forms. Even where time entry systems help streamline the daily chore, downstream data entry is still required into the payroll systems. Access to real-time workforce data—late arrivals, hours worked, current pay information—is non-existent for both managers and employees. Overtime, incentive calculations, retroactive adjustments and other complex processes complicate matters even further.

Errors in time tracking and submission do more than waste manager time. Because employees don't always report payroll errors—particularly when the amount on their pay stubs is higher than expected—these errors also hinder profitability. For this reason, erroneous pay rule applications can have a significant impact on labor costs. Combined with other shortcomings of manual zero to gross pay management, organizations can incur gross payroll inflation of 1-6%.

Best of breed time and attendance solutions that automate 100% of an organization's pay rules, accurately track employee hours, and automatically handle overtime and incentive allocations can dramatically reduce enterprise payroll.

Benefit Area Representative Results
Reduce payroll by reducing errors Fortune 500 process manufacturer reduces gross payroll by over 1.5% by reducing payroll errors
Reduce improper overtime allocation Major airline eliminates "rocking chair" or overtime bypass pay
Comply with union rules and policies Healthcare organization standardizes pay rule application across 600 departments, 4 unions, and 300 job classifications
Reduce supervisor time spent manually processing timesheets Transportation company cuts manager timesheet administration by 3 hours per week/manager

By helping to introduce Web-based, centralized time and attendance technologies, HR leaders can have a profound effect on both the efficiency of labor and payroll costs.

Operational self-service

Employee self-service (ESS) has achieved broad adoption, with over 75% of the Fortune 1000 having implemented technologies that allow employees to self-process HR. Yet reported return on investment from these deployments has been less than spectacular because traditional ESS rollouts have focused solely on HR forms and processes—benefits enrollment, personal information updates and life events management.

HR innovators are now realizing that the promise of ESS lies in automating operational employee processes—those that happen on the front lines every day. These are processes like swapping shifts, submitting availability, bidding on shifts, or requesting overtime. Because they happen with greater frequency, and replace more manual-intensive processes, these operational transactions represent the next wave of self-service automation—and significant ROI for HR and operations executives.

An operations-focused ESS agenda yields strong dividends and contributes to greater workforce performance.

Reduce costs Representative Results
Reduce payroll by reducing errors Business case for one major airline projects a $250K annual cost reduction for automation of employee pay stubs alone
Accelerate internal processes Auto parts manufacturer shortens cycle times from weeks to hours
Reduce administration Less manual data entry helps manufacturer reduce administrative FTE count

Labor forecasting and scheduling, time and attendance, and operational self-service are all "day of operations" workforce processes that can yield significant ROI through the use of new workforce technologies.

And HR can be the motivating factor for organizations to make this transformation. While the ROI associated with each process is compelling, the Holy Grail lies in an integrated workforce management approach that connects all of these processes on a single platform.

Working with IT, HR can focus on a single, centralized workforce management platform—with functionality robust enough to meet the complex requirements of front line operations. A centralized, real-time system can deliver the timely workforce information that front-line managers require to answer the call for greater workforce intelligence, and make effective decisions.

Conclusion

Deploying new workforce technology can transform your company's operations and deliver significant and repeatable ROI, as well as provide data that improves core strategic HR applications like workforce planning, recruiting, and performance management. Key employee data captured by typical workforce management solutions extend the value of these core initiatives by providing insight, predictability, and accurate labor information into the process.

The focus on front line people processes enhances HR's strategic nature and produces a significant, measurable impact on workforce productivity and business performance.

This workforce transformation requires HR's involvement and leadership. And given the rewards, it's no wonder that leading human resource organizations have turned their attention to workforce management to fully deliver on the HR promise.

About Infor

Infor acquires and develops functionally rich software backed by thousands of domain experts and then makes it better through continuous innovation, faster implementation options, global enablement, and flexible buying options. In a few short years, Infor has become one of the largest providers of business software in the world. For additional information, visit www.Infor.com.

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