In an organization which has a large number of employees, it is very important to monitor the performance of the employees, it is significant to see that all the people are working in tandem and working towards the achievement of the ultimate goals of the organization. There are many supervisors that are appointed in order to check the performance of the employees who are just one level below the key managerial personnel. If the actual performance that is expected from the employees is not achieved within the fixed period of time the whole company will suffer. Just for instance we can take the example of stock management system of the organization. If the stock is not brought within the required time and it is not in coordination with the amount of stock that the godown can accommodate, then it will lead to increase in carrying cost in the company and it will ultimately increase the cost of the product.
Then if the stock does not reach on time in the company, it will lead to delay in production and the company will not be able to sync with the needs of the consumers. This will lead to downfall in the image of the company and the consumers will look for the substitutes of the product. This will lead to shift in customers and fall in the level of turnover. This can also lead to a point that the company will not be able to meet its fixed cost and can lead to shut down of the company. So the stock manager has to manage the inventory in a proper manner so that the company should not go through this vicious cycle. So to maintain this technology has simplified the work of the individuals. In large organizations there is software for management of employees which is called workforce management software.
Workforce management software helps in planning and organization of employee records of the company, the requirement of labor at a particular time, scheduling the work of employees etc. This can either be enforced by the company itself as an independent system or by the human resource department that is designated at the center in the organization. If it is done in an efficient manner this will result in reduction of cost of employees to the organization and this can also lead to cost cutting for the organization. It is very important to schedule the work of the employees properly and following are the benefits of using this software to the company: –
- Better management of the systems of the organization
- The employees will work in tandem once the know the scheduling activity
- Reduction of cost to the company
- Ease of solving other problems and the company will get free from this problem
- Proper scheduling of the work of the employees
- Planning systems in place
So from this we can understand the advantages of this software and the company should have workforce planning software also if they want the things to be in system.