Workforce management software is used by organizations to increase the efficiency and productivity of the employees. With the help of this software, organizations can match the right employee to the appropriate job. The major features offered by the best workforce management software are scheduling, forecasting, performance management, reporting, workforce mobility, time tracking, employee tracking, integration, administrative control, security, and deployment flexibility.
360Quadrants shortlisted the top vendors offering the workforce management software in the market. The quadrant is released after a deep study of the products and business strategies of the vendors. This enables buyers to select the right workforce management software as per their requirements. 360Quadrants conducts SWOT analysis and enables vendors to learn about the latest opportunities in the market.
The global workforce management software market is expected to grow at a CAGR of 9.3%—from USD 5,979 million in 2020 to USD 9,326 million by 2025. The best workforce management software market is driven by various factors like an increase in demand for workforce optimization &mobile applications and the growing adoption of cloud-based workforce management solutions.
Workforce Management Software Companies Quadrant Placement
360Quadrants has evaluated 24 software vendors that offer workforce management software, out of which the top 10 were positioned on a quadrant under visionary leaders, innovators, dynamic differentiators, and emerging companies.
UltiPro, Paycom, BambooHR, Humanity, Zenefits, and Deputy Workforce management have been identified as Visionary Leaders in the workforce management software market.
SAP SuccessFactors and Kronos Workforce Central have been recognized as the Innovators in the workforce management software space.
OrangeHRM and greytHRhave been positioned as the Emerging Companies in the workforce management software space.
Beekeeper and Branch have been identified as the Dynamic Differentiators in the workforce management software space.
Workforce Management Software is a tool designed for organizations to optimize their team and increase productivity. The software performs functions like workload forecast, budgets management, employee scheduling, track time, and monitors employee performance. The best workforce management software takes care of business outcomes, engages staff, controls labor costs, increases productivity, and minimizes compliance risk.
Why is workforce management necessary for your organization?
Employees are major assets for any organization. Therefore, if they are managed well, their performance improves. Some of the benefits of workforce management software:
Increased Productivity | Workforce management software helps assign projects to the appropriate resource. It also ensures all the required resources for completion of that task is provided to that employee. The software provides clarity on the task along with the budget, time, resources, progress tracker, and schedules as per requirements. With such improved efficiency, there is less rework, and deadlines are met. |
Low Labor Costs | There are few such projects in organizations that demand more resources. The issue can arise if lower priority tasks consume more resources than high priority tasks. With this software, budgets can be allocated for projects that can reduce the risk of consuming more time and money on such tasks. |
Enhanced Customer Satisfaction | Customer satisfaction is one of the key priorities of any organization. Thus, strong communicators and experts must interact with customers so that it becomes possible to retain them and satisfy them. Workforce management software identifies strong communicators and experts in specific projects and sends the list so that these strong employees interact with the customer and satisfy them. |
How to manage the workforce effectively?
Managing the workforce can be tedious for organizations with a large number of employees. Workforce management software manages all the tasks for making this effective. However, there are few key pointers for organizations to keep in mind to manage the workforce effectively. Some of them are:
Frequent Communication
Communication is an important aspect of driving the productivity of a team. Frequent communication with team members about their performance, skills, concerns, and goals help them perform more efficiently.
Practicing Transparency
Organizations should make sure that their employees are aware of the status of the organizations they work with. They should be made aware of their organization’s performance in the market or a plan to initiate any new plan. Employee performance and loyalty are achieved with such transparency.
Being Good Leader
A good leader always motivates and inspires a team. A leader does not just reminds employees of their goals and tasks but also helps them whenever required and even gives a second chance to improve if they make any error in their work.
Choose Best Software
The best software should be chosen and implemented in an organization to manage the team and efficiently utilize the skills. Technologically advanced software enables organizations to manage all the important tasks and improves organizational efficiency and productivity.
