DECEMBER 2016HR TECH OUTLOOK6Efficient management of the workforce is vital for an organization's success. Primary reason for workforce management is to increase productivity, cut labor costs, and have the right number of people, with the right skills, in the right place. It also plays a crucial role in aligning employees towards enterprise goals and instill a sense of attachment towards their organization. The traditional method of workforce management was just about keeping track of employee time. Today, there is greater need to ensure employees reach their full potential with a different type of workforce approach that focuses on delivering strategic value. Also, it requires an approach that cost-effectively and efficiently accommodates regulations such as Affordable Care Act (ACA) which demands extensive and intricate record keeping.Technology can help here. It can look-over all the activities needed to maintain a productive workforce. It can offer insight into the strengths of the workforce and determine where the change is required, which will positively impact the bottom line. These tools can also track and retrieve the workforce information and provide forward-looking analysis to plan and support HR strategies. It also helps enterprises keep up with the regulatory requirements and avoid serious legal ramifications. Today's workforce management systems are enriched with analytics to offer better HR insights; support mobile devices to incorporate an increasingly mobile and distributed workforce; business intelligence tools for planning, budgeting, monitoring, and compliance; and social networking for easy, real-time collaborations, and more. The systems take a complex HR processes such as scheduling a large and diverse workforce and makes it as simple as matching the workforce allocation to suite business demands. Adoption of workforce management systems should start with the assessment of the current organizational state. Then, the organizations should zero on the systems that let them evaluate KPIs related to labor costs and productivity so they can hold the workforce accountable to corporate goals and expectations. While the workforce management landscape is replete with solution providers, finding the right one that fits into the organizations' unique requirement is often difficult. Our goal with this special edition is to help organizations address this. This edition also blends thought-leadership from subject matter experts with real stories on what selected vendors are doing for their clients. Write to us your thoughts.Tapping the True Potential of Workforce Hanna WilsonManaging Editoreditor@hrtechoutlook.comAaron PierceAlex D'Souza Amit Paul ChowduryAva GarciaJoshua ParkerSarah FernandesEditor's NoteDECEMBER - 2016WFM SpecialMailing AddressValleyMedia, Inc.44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538T:+1 (510) 509-1655 HR TECH OUTLOOKDecember - 2016, Volume 02, Issue 06 Published by ValleyMedia, Inc. To subscribe to HR Tech OutlookVisit www.hrtechoutlook.com Managing EditorHanna WilsonEditorial StaffSalesVisualizersJohn Goutham Jennifer Stephenjennifer@hrtechoutlook.comT:+1 (510) 565-7625Copyright © 2016 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.
< Page 5 | Page 7 >