The core concept of workforce management refers to the framework that a company uses to enhance the overall performance of the company and optimise the productivity of the employees. Below mentioned are some of the major activities that the organisation uses for workforce management.
- Forecasting
- Staff Scheduling
- Budgeting
- Leave Planning
- Payroll
- Compliance
- Benefits administration
- Performance Management
- Training Management
By implementing these activities related to workforce management, the business makes sure that the work stays on track. One of the major benefits that companies get from such activities is an increase in employee productivity and efficient time management.
