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

UKG

Getting the best out of your employees isn’t something that just happens — optimizing your workforce for maximum profitability, productivity, and operational efficiency requires an active strategy and the right technology to make it a reality. Complex schedules and nontraditional shifts. Complicated labor costing.

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6 Workforce Metrics with Significant Financial Impact

UKG

Employee retention rates. A budget forecasting strategy should incorporate both an automated data analytics system and direct feedback from key players within your organization, as well as a reliable set of templates and financial tools that cut down the time spent collecting and recording that data. Projected employee turnover rate.

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What’s Changing with Workplace Data Collection?

UKG

Consistent, strategic tracking and analysis of employee data is essential to setting key performance indicators (KPIs), increasing efficiency, boosting employee engagement, reducing turnover, and many other vital functions of an active workplace. appeared first on Ascentis. Understanding your workforce. Planning your budget.

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HR TechStack – Performance Tracking

Workstride

SuccessFactors helps organizations align strategy with objectives & manage people performance to ensure execution & results. It helps organization iterate, measure and achieves their strategy at market speed. It’s SaaS solution helps companies iterate, measure and achieve their strategy at market speed.

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Skill-Based Pay 2.0 & Manufacturing: A Match 30 Years in the Making

UKG

This type of pay system impacts your workforce management strategy by putting an emphasis on processes, knowledge, and technology specific to your business. Having the option to earn higher wages on their own terms also gives employees incentive to stay with your organization , thus improving your employee retention rates.

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Leading Hourly Workforce Transformation in a Post-Pandemic World

UKG

How Ascentis Time Can Help. High employee turnover can be a sign of a deteriorating business. Finding the reasons that promote employee retention can help your organization build a strong company culture with a low rate of employee turnover. How Ascentis Time Can Help. Covid-19’s Impact on the Workforce.

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The Compelling Case for Upskilling and Reskilling Your Workforce

UKG

Skill demands are determined by the organization’s wider business and technology strategies. First, speak to the technology architect to understand the strategy for change. But hesitation is costing companies regardless: high turnover and new hires cost the average 100-person company approximately $660,000 to $2.6