Labor can be the largest cost in any organization, and one that is controllable, especially when you utilize industry leading technology to track time worked and employee absences, both planned and unplanned, in employee schedules. Best Practice is a procedure that has been shown by research and experience to produce optimal results and that is established or proposed as a standard suitable for widespread adoption. (1) As a method or technique, best practices consistently show results superior to those achieved with other means, and are often used as benchmarks. Organizations are challenged to achieve and maintain compliance with internal policies, union agreements (for some), and federal laws such as Department of Labor Wage & Hour Rules, Sarbanes-Oxley and the Affordable Care Act. Efficient allocation and management of labor hours positively impacts revenues. Inefficiencies can increase costs, decrease profits and create dissatisfaction to both employees and customers.
Labor Management Institute, a leading research, education and consulting specializes in time and labor management, productivity optimization and automation. The Labor Management Institute finds correlations in both worked and nonworked time that contribute to the abuse of labor hours in the form of extra and unnecessary overtime, conflicts in practice and policies, cost overruns to budget and adverse outcomes to employees and customers. This white paper identifies 10 workforce management best practices to help you control labor costs and align staffing with budgets more efficiently and effectively.
If you are looking for workforce management information, please visit the Labor Management Institute, Inc. Knowledge Center to consider our self-learning certification programs offered on-line or upon request at client locations.