
A guide to inventory turnover ratio
Learn how to calculate and optimise your inventory turnover ratio to improve cash flow, reduce costs, and boost your small business efficiency.
With the right workforce management tools, you can effectively forecast resource needs and plan activities. Streamline staff scheduling and track work to maximise productivity and operational efficiency.
Whether you run a small business or a multinational corporation, workforce management tools from Sage will help your business be more efficient and productive. Key benefits include increased performance, deeper business insights, and streamlined operations.
Workforce management tools give employers greater visibility and control over scheduling, helping to reduce absences, tardiness, extended breaks, and fraudulent time-logging. This leads to a more efficient and well-organised workforce. Additionally, employees can check for scheduling conflicts before requesting time off, ensuring smoother coordination and fewer disruptions.
Screenshot: Sage HR
Workforce management software helps businesses streamline operations by automating manual tasks such as setting shift patterns and notifying employees of schedule changes. HR systems with integrated workforce management reduce administrative time per employee, allowing teams to focus on more strategic initiatives.
Screenshot: Sage HR
Enhance organisational productivity by accessing real-time workforce management data. Compare staff compensation against your budget, for example, or track the progress of team objectives.
Screenshot: Sage People
Workforce tools that support time-off management and shift swaps help employees stay engaged by giving them more control over their schedules. In one study, 77% of employees reported increased engagement from using these tools*. Additionally, performance tracking, goal-setting, and regular feedback create a workplace where employees feel valued and appreciated, further boosting commitment and productivity.
*Statistics based on studies conducted by Gallup.
Screenshot: Sage People
Workforce management software helps managers organise their teams and streamline tasks, ensuring that resources are used efficiently and money isn't wasted on unnecessary staff.
Screenshot: Sage HR
Workforce management aims to maximise employee productivity by keeping staff well-organised and motivated. These features help achieve these goals:
Accurately predict staffing needs and allocate resources optimally with full visibility of employee availability and skills.
Get real-time workforce data and create actionable insights using accurate data that you can be confident in.
Monitor work hours to streamline payroll, minimise errors, and prevent fraud with precise automated tracking.
"I think that you could definitely argue that Sage HR has made us operate in a more procedural way. Everything is centralised now and just that little bit more organised."
Hjörtur Atli Guðmundssonm
CEO, TourDesk
Workforce management is an integrated set of processes that helps businesses to maximise employee productivity and efficiency. It helps businesses of all sizes retain the right levels of staffing to meet customer requirements while maintaining profit levels.
Companies use workforce management software to optimise labour resources, enhance productivity and reduce costs. The tools do this by automating shift planning based on employee availability, skills and demand, while offering self-service options for swapping shifts or requesting time off.
Forecasting capabilities allow companies to predict staffing needs using historical data and trends, ensuring adequate coverage during peak periods while avoiding overstaffing or burnout. Real-time monitoring tracks attendance, task progress, and productivity metrics, enabling managers to address inefficiencies and make data-driven decisions.
Workforce management solutions also support compliance with labour laws by tracking overtime to ensure that it does not exceed legal limits. Their role in maintaining the accuracy of records also reduces legal risks.
Employees also benefit from these tools because they allow staff to manage schedules and access performance data, helping them establish a better work-life balance and fostering engagement.
Workforce management and time tracking software automates some of the tasks performed by Human Resources departments, attendance and absence tracking, workforce scheduling and forecasting.
The objective of workforce management is to give organisations the tools they need to become more efficient. It helps them run effectively by assigning the right person to the right task at the right time.
Explore our library of useful articles, tips and insights about staff productivity, people management and much more.
Learn how to calculate and optimise your inventory turnover ratio to improve cash flow, reduce costs, and boost your small business efficiency.
Technological change dominates business thinking in all types of industries. Read this for advice on implementing digital transformation in your company.
Learn how generative AI-powered personal assistants can be used to support decision making when it comes to financial management.
Learn how AI can improve customer service experiences. From chatbots to smart emails, we cover what you need to know about integrating AI.
Learn how CFOs can help their businesses face future challenges with the help of artificial intelligence and automation tools.
Learn how artificial intelligence in logistics can result in an improvement with how your supply chain functions and anomalies are managed.
How do you cut waste and other by-products from production processes? Learn how to streamline your manufacturing processes.
Learn the top challenges around distribution and how the right business management tool can help you overcome each of them.
We offer 24/7 online assistance. Get the answers you need, whenever you need them, from our extensive online support area.