Workforce Management Software Market Set to Reach USD 18.82 Billion by 2026

The Workforce Management (WFM) software market is set to grow at a CAGR of 18.75% over the next 5 years, reaching an estimated USD 18.82 Billion by 2026, a recent market research report has been able to suggest.

Workforce management software helps organizations by providing proper insight into employee costs and productivity, which then allows them to plan and optimize workforce deployment while maintaining the required levels of productivity.

A good workforce management software system also provides an efficient way to record remote employees' working hours, track flexi balances, time in lieu, and manage planned/unplanned absences. WFM also helps employees manage their onsite/ remote working hours through a fully automated system or even on a mobile-based app through clocking or hour-based email timesheets.

The COVID 19 pandemic has positively impacted the workforce management market, fostering digitization and automation across the manufacturing sectors globally. The lockdown and physical distancing mandates imposed to control the COVID 19 spread forced many organizations to let their employees work from home.

In the wake of the Covid-19 disruption, many organizations identified the need to improve employee time, attendance, and scheduling processes, ensuring the right people with the right skills are in the right place at the right time, which means that WFM software implementation has increased rapidly in all sizes or organizations. With the help of WFM, employers could proactively manage their workforce's time, attendance, schedules, and skills and cope with the current unpredictable environment.

TENSOR — SUPPLYING YOU ALL THE TOOLS YOU NEED FOR REMOTE WORKFORCE MANAGEMENT

Tensor's attendance management software can aid businesses in maintaining social distancing.

Arrival times can be staggered to avoid crowding in entranceways and long queues. The shift selection system can assign fixed or flexible shifts as required to employees as they clock in.

Shift assignment allows rostering of staff based on skills and headcounts within a shift, section, cost centre or department. The software will advise if you will drop below your preferred level of cover and this is configurable on any given day.

Employee lunch and break patterns can be monitored and reported on using Tensor.NET, enabling administrators and managers to spot any potential 'hot spots' and act accordingly.

Entering and exiting the site can also be made contactless. Automatic door openers can be controlled by contactless exit buttons, and clocking can be carried out via by radio-frequency smartcards.

Health Monitoring

Fifty-two percent of workers surveyed by Salesforce said that they were comfortable sharing their health data and contact information with employers to keep their workplace safe.

Tensor.NET software offers administrator functionality to keep track of all hybrid employees' status and keep them safe. Options include "Self-isolating," "In Lockdown," "Tested Positive/Negative." Click here for a detailed guide on how to forbid site access for specific absence reasons.

The Tensor remote clocking app also has a setting where any employees who are travelling abroad can notify the company. This enables managers and health and safety staff to make informed decisions. There is more information about that here.

Daily health checks can be carried out in the form of a facial recognition system with contactless temperature monitoring.

This software conducts rapid, contactless preliminary temperature screenings which are accurate to within half a degree. Any results higher than the set threshold temperature generate an audio and/or visual alert.

This can prevent the person's continued access on site as well as notify the health & safety officers within the organisation.

If you are looking at creating a hybrid workplace, either in the short-term or the long-term, and would like to know more about any of our products, please get in touch.

We provide online product demos, as well as online training once products are purchased, so that no unnecessary physical contact will take place. Our engineers are following a strict social distancing policy during the COVID19 pandemic.