article thumbnail

6 Workforce Metrics with Significant Financial Impact

UKG

Employee retention rates. Some noteworthy budget forecasting KPIs might include: Annual cost of employee benefits. Projected employee turnover rate. Cost of learning management and employee training programs. Contact Ascentis for a demonstration today. Fraud detection rates.

Metrics 52
article thumbnail

Leave Management: A Guide to Improve Employee Leave Management

UKG

How to improve employee leave management. Improving employee leave management is crucial for both the employees and the company as a whole. If you’re looking for a way to improve employee leave management for your business, check out our helpful tips below: 1. Monitor employee leave in real-time.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

20 Best Employee Recognition Software Solutions in 2023

Empuls

Helps in employee participation and engagement by creating a healthy competition by using gamification. Offers a spectrum of features including employee surveys, employee rewards, employee benefits, and other; together forming improved employee recognition. Helps in building custom workflows. Case study 1.

article thumbnail

Workforce Optimization Best Practices for Blue Collar Employers in Labor-Driven Industries

UKG

For employers in fields like manufacturing, construction, healthcare, agriculture, and transport, effective workforce management requires awareness of a number of variables, including: Higher than average rates of turnover. A few common labor costs to account for include: Hourly and salaried employee wages. Complicated labor costing.

article thumbnail

Leading Hourly Workforce Transformation in a Post-Pandemic World

UKG

How Ascentis Time Can Help. This issue is interconnected with many of the challenges businesses will face in the future, as improved communication will allow employees to be more flexible with where they work and have clear protocols effectively communicated to employees should future illnesses and outbreaks occur. Reskilling.