savings from a workforce management system

Savings from an Automated WFM SolutionExamples from Various Industries

Savings

• Implementing a Workforce Management solution is a

large monetary commitment

• Providers of WFM systems always promise strong

savings

Here are some actual values to back up that claim…

2

Manufacturing

3

• If you have 1 employee, who is paid $20/hour and is away from

work for15 minutes (i.e. arrives late, takes a long lunch, or

leaves early):• $20 per hour = $5 for 15 minutes• $5 x 5 days a week = $25• $25 x 52 weeks per year• $1300 per year of unproductive paid time

• Most manufacturing firms have more than just 1 employee

though – if you had 50 employees with the same habit:• $65 000 per year of unproductive paid time

Professional Services

4

• If your company has 50 hourly employees who are paid

$15/hour each, as well as 50 salaried employees, a WFM

solution can save you:• At least 1.5% of wages for hourly workers with improved accuracy:

$23,400/year in labour costs • $25,000/year in hiring and training costs, if there are just 2 less

hourly and 2 less salaried employee turnovers a year• Up to 6 paid hours a week (for a supervisor paid $25/hour, that’s

$7,800/year), with software to generate employee schedules

• That translates to $56,200/year in savings, not to mention

the added value of abiding by compliance regulations

Retail

5

• Let’s look at a chain of grocery stores with 50 different

locations where managers are paid $20/hour:• A WFM solution saves managers 2 hours/week, given the

scheduling and attendance administration capabilities:• 2 hours/week x 50 locations = 100 hours• $20/hour x 100 hours = $2,000• $2,000 x 52 weeks/year• $104,000 per year

• With optimized scheduling capabilities, managers can save 5 hours/week in overtime at a rate of $18/hour:

• 5 overtime hours/week x 50 locations = 250 hours• 250 hours x $18/hour = $4,500• $4,500 x 52 weeks/year• $234,000 per year

General Benefits

6

• Organizations can save up to 5% of their annual

payroll costs with a workforce management solution,

helping companies in the following aspects:• Decreasing payroll errors• Decreasing total payroll processing time• Decreasing unauthorized leave time• Improving labour reporting• Decreasing payroll inflation• Eliminating costs associated with paper timecards• Eliminating the risks of employee buddy punching or

time fraud

Return on Investment

7

• Companies can see monetary savings as well as other

benefits from implementing an automated workforce

management system

• Above all, businesses strive to see a Return on

Investment from their WFM system – with the right

planning and implementation strategy, this is almost

guaranteed!

Thank You!

Find the perfect WFM solution for your company to meet your industry-specific needs at www.synerionwfm.com.

Some information was taken from: http://www.ceridian.ca/webcast/