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Effective Executive Magazine:
Workforce Management Getting Smart: Meaning and Dimensions
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Workforce Management (WFM) process involves planning and scheduling of the workforce integrated with time and attendance management. WFM solution is transforming itself from being merely a tactical solution to being a more strategic solution that provides next generation, sophisticated workforce management capabilities.

 
 
 

Most businesses are people-centric and, therefore, the ability to deliver a service relies on the efficiency of workforce acquisition, planning, and deployment. At any point of time, the composition of the people in the right mix across the organization or department determines the service capability. The inability to serve customers due to inadequate staff or lack of right workforce, results in customer satisfaction decline. In such conditions, deploying the right person in the right place to perform the right activities at the right time is important. However, this is a daunting task which workforce managers face today. It involves complexity and uncertainty in both workforce and the work.

In most cases, the size and the type of workload is usually unknown or could not be predicted in advance, as it depends on the demand of service volume that keeps changing from time to time. This is largely a supply chain problem pertaining to human resources, which should be addressed through a holistic approach. Managing adequate workforce always to address service requests without any delay is a great challenge, as the workforce is subject to being absent from work at any point of time. If organizations engage contingent or additional workforce, it will only increase the costs.

These workforce problems exist across a wide range of industries such as manufacturing, transport & logistics, utilities, healthcare, banking, airlines, retail, etc., while it is predominantly a critical factor determining the success of call or contact centers. Hence, an effective way that supports adequate tactical planning and scheduling of the workforce is indispensable. "Workforce Management" offers a pragmatic approach to address these challenges. In the ensuing discussion, let us broadly define and understand - what workforce management is how information technology enables workforce management within organizations and across various industries. We shall also explore the tactical and strategic benefits along with the advancements in workforce management solutions offering sophisticated, next generation capabilities.

 
 
 

Effective Executive Magazine, Workforce Management, Workforce Acquisitions, Human Resources, Information Technology, Workforce Scheduling, Decision-Making Process, Workforce Management Solutions, Workforce Planning Software, Corporate Fiscal Policies, Financial Services.