Workforce Management { WFM }
WFM (Workforce Management) is a framework used to maximize an organization’s performance level and optimize the productivity of employees. The vast process of WFM (Workforce Management) involves a set of activities such as;
- Budgeting
- Forecasting
- Data Collection
- Staff Scheduling
- Payroll
- Benefits administration
- Leave Planning
- Compliance
- Performance Management
- Training Management
- HRM (Human Resources Management)
The process makes sure that the business stays on track with the implementation of WFM activities. The major benefits to an organization include enhanced employee productivity, better resource planning, efficiency in time management, attendance tracking, and improved customer service.
