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Financial Website Directory Ireland

How Businesses Can Save 2% Of Their Salary Bill - Or More

Author: Morgan Danaher
Category: Financial Software: Track Time Software
Date Added: July 31, 2012 08:43:35 AM
Page Views: 4426

Since 2007, the economic downturn has forced businesses to look long and hard at ways of reducing costs. For many, this has involved redundancies, and indeed for many, this has involved combining job roles or asking employees to work fewer hours. The pressure on employees is well-known, but the pressure on employers to maximise their stretched labour resources is equally intense. Indeed, customer-facing businesses are those that face a double problem - maintaining sufficient staff, but also maintaining levels of customer service.

This conundrum cannot be solved with technology alone, but an efficient workforce management system can help - and can start to drive profitability. Optimum workforce deployment is something that has had the retail industry working hard for many years already. However, the strategy behind it is something that retail banks, construction and many other industries could apply. The seamless, tax-efficient deployment of staff in the right place, at the right time - and with just the right amount of staff - allows business to cut the slack.

A further benefit is that it allows customer-facing businesses to provide optimum customer service. By getting the right people in at the right time, using metrics that tie productivity to profitability, businesses can ensure that customers are served well, quickly, and with minimum fuss. Equally, a workforce management system should allow you to stay within tax thresholds, ensuring that you don't pay any more than you need to. Businesses that have applied comprehensive Workforce Management systems know that savings start around 2% of salary bill, but can rise to 10% overall.

About the author: Morgan Danaher is Managing Director of Ceridian Ireland