Leveraging Labor Analytics to Make Workforce Decisions
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Transcript of Leveraging Labor Analytics to Make Workforce Decisions
Leveraging Labor Analytics to Make Workforce Decisions
July 23, 2014
@nettime #LaborData
with automated, cloud-based time & attendance
Webinar Presenters
Jennifer SpencerDirector of Marketing
@jenspencer
Ruli GarciaTechnical Sales Engineer
Webinar Overview
• Where does the day go?• Project management capabilities • Employee scheduling• Overtime and PTO usage • Q&A
Human Capital Costs
With payroll costs that are averaging nearly 70% of total operating expenses, it’s important to know if your workforce is your most valuable asset or merely your greatest expense
How Do Workers Spend Their Day?
Time spent in the office does not always translate to productivity.
Employees spend 8 hours per week searching for information
Employees spend 13 hours per week dealing with email
Common Distractions
Workers spend on average 1 hour/day on personal tasks
How Are YOUR Employees Spending Their Days?
Time & Attendance Software
Time & attendance software allows management teams to analyze time spent by all levels of employees within any given time frame, providing executive-level decision makers with the proper data to make strategic workforce decisions.
Drilling Down into your Data
Scheduling Dilemma
Forecasting Employee Schedules
Scheduled vs. Actual Hours
Use stratustime labor analytics to compare your scheduled hours to the amount of hours your employees are actually working.
Visual Scheduler
Quickly scroll through different employee groups with the stratustime visual scheduler to make sure you are properly staffed on a given day.
Overtime and PTO Usage
How many employees do you know who consistently work overtime?
“ ”
Employee Burnout
Overtime [is] associated with poorer perceived general health, increased injury rates, more illnesses, or increased mortality.
Centers for Disease Control and Prevention
Vacation – Not Just an Employee Benefit
Reporting on Overtime & PTO
Use stratustime labor analytics to view how overtime may be affecting your departments or individual staff members.
Reporting on Overtime & PTO
Are your employees using their time off?
“Once you squeeze the toothpaste out of the tube, it’s nearly impossible to get it back in.”
Time, Money & Toothpaste
stratustime Alerts
With the alerts module we have in stratustime, you can quickly gain insight into the areas most important to you.
stratustime Alerts
Employee is Nearing Overtime
Employee is Absent
Misses a Punch
Comes in Early
Skips a Meal
Employee’s Certification is Nearing Expiration
Questions?
Leveraging Labor Analytics to Make Workforce Decisions
For more information, call 800.561.6366 or visit nettimesolutions.com to request a customized demonstration of our time & attendance software.