Livonia, MI, USA, Feb 2, 2022 -- Global provider of integrated employee experience and workforce management solutions, WorkForce Software, announced the availability of its latest release of labor forecasting software. In this 2022 release, WorkForce Software is answering the need of global enterprise customers to improve the accuracy of labor forecasting, which has been complicated by the pandemic, shifts in consumer demand, and labor availability. This release provides a much-needed hybrid approach; harnessing the power of artificial intelligence (AI) together with human intelligence, to go beyond traditional labor forecasting techniques to offer solutions that support the need to respond to increased business volatility more rapidly.
Global organizations are faced with a myriad of challenges including a tight labor market, supply chain instabilities, and evolving customer behaviors. To overcome these challenges and minimize business disruptions, top-performing organizations know they need a new approach to business intelligence that leverages the speed and scalability of AI and other advanced analytics techniques, together with new sources of data, inputs from business leaders, and predictive information like potential labor shortfalls, to proactively optimize their labor allocation.
By combining the power of machine and human intelligence to drive more accuracy, WorkForce Software’s Labor Forecasting accelerates intelligent decision making and supports forward looking analysis, including these that help companies more accurately sense and respond to change.
"As the pandemic wreaked havoc on businesses’ ability to optimize their labor scheduling, many leaders realized that better solutions utilizing a forecasting engine powered by AI, were essential to support business goals, predict labor demand, and optimize their employee schedules. To do this, new sources of data including better demand signals, forecasted supply chain disruptions, forecasted labor availability, and known business priorities can come together using a modern, hybrid approach to labor forecasting and scheduling" said Joe Ross, Chief Product Officer at WorkForce Software. "Modernizing workforce management tools for an increasingly empowered workforce is essential for every successful business. And quickly producing a better labor forecast to accurately schedule staff is a win-win for businesses and employees — giving frontline workers the flexibility they need while enabling global companies to continuously adapt their operations based on top business priorities."
Posted by Veronica Silva Cusi, news correspondent
Source: WorkForce Software
About WorkForce Software:
WorkForce Software is a global provider of cloud-based workforce management solutions. The company’s WorkForce Suite adapts to each organization’s needs, delivering a breakthrough employee experience – no matter how unique your pay rules, labor regulations, schedules, and employee self-service needs are. Enterprise grade and future-ready, WorkForce Software removes the noise from a managers’ busy day, protects your organization from compliance risks, provides leadership with strategic business insights, and delivers real employee engagement at the time and place work happens.
Published: Friday, February 4, 2022
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