Workforce Management

I’m a glass half full kind of guy. Always have been, hopefully always will be. So it bothers me that so many people look at time & attendance systems as a way for “the man” to control his/her subordinates.

Obviously to some extent that can be true, but I think management should try to view it from a different perspective.

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Even as the economy begins to recover, millions of businesses are still looking for ways to cut costs. For many companies, the largest single category of expense is labor costs, so they’re actively looking for ways to cut the cost of payroll. The trick, of course, is how to reduce labor costs without losing valuable employees.

After all, as the economy picks up steam, you’re going to need experienced workers.

A survey conducted by the SHRM (Society for Human Resource Management) in March of 2009 revealed 15 ways companies can cut costs without having to lay off workers.

The most popular methods of cutting payroll costs without layoffs include attrition, hiring freezes, salary freezes, retraining employees for other positions within the company and eliminating contract employees. Organizations can also cut work hours, reduce benefits, reduce salaries, offer early retirement… a whole host of options.

What I find interesting, though, is a relatively painless cost-cutting measure that isn’t listed.

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