Ready to take the guesswork out of scheduling your employees? Whether you manage a retail, hospitality, or healthcare team, workforce planning can be challenging for any organization, but accurate forecasting can make all the difference.
How It Works
Workforce forecasting is the process of estimating the future staffing needs and requirements of an organization based on historical data, current trends, and future projections.
It involves analyzing various factors such as business growth, employee turnover, market demand, and seasonality to predict the number and types of employees needed to meet business goals.
Workforce forecasting is essential to workforce planning and management, helping your organizations make informed decisions about recruitment, training, and retention strategies.
The Benefits of Strategic Workforce Planning
Still not convinced? Let's review a few ways that workforce forecasting can help you save time, reduce costs, and keep your team (and customers) happy!
Knowing when to hire new staff
Forecasting can help you determine when to hire new staff to meet your organization's growing demand. Therefore, you can prevent understaffing, which often leads to increased workloads, decreased productivity, and poor customer service.
Knowing when to scale down
In contrast, workforce forecasting can also help you determine when to scale down your workforce due to reduced demand, preventing overstaffing that results in unnecessary labor costs.
Knowing when to contract out
In some cases, your organization may need to contract out work to meet its growing demands. Workforce forecasting and planning can help you identify if and when you'll need to contract out work, allowing ample time to choose the right vendors to ensure quality and cost-effectiveness.
But, there's a ton more!
Beyond its advanced forecasting capabilities, vIDix Scheduler offers many time and cost-saving benefits for managing employee schedules.
From setting up schedules with predefined rules (i.e., employee locations, qualifications, availability, rotations, calendar conflicts, etc.) to its mobile app component, vIDix makes it easy for team members to access their schedules and manage their calendars, including:
Sign up for extra shifts you add
Request to swap a shift with a colleague
Ask for time off
Update their availability
Receive real-time notifications
The software takes this new information into account when auto-generating new schedules. The best part is that you still stay in control of scheduling, as you are notified of requested shift changes and get final approval.
Meet vIDix Scheduler: A Game Changer in Workforce Planning & Forecasting
At Ban-Koe, our workforce management solutions allow you to save time, stay in control, and increase employee productivity and performance. Our vIDix Scheduler is no different, except it offers an extra advantage. It helps you automate and forecast schedules while allowing your team to stay connected from their mobile devices.
vIDix Scheduler uses historical data and predictive analytics to forecast future demands and optimize your workforce planning efforts.
As a result, you can:
Automatically generate shift schedules based on forecasted demand and employee availability.
Reduce costs by preventing over and understaffing.
Align employee skills to business needs, ensuring the right team member is always in the right seat.
With effective forecasting at your fingertips, you can stay ahead of the curve and make strategic workforce planning decisions that positively impact your bottom line.
Ready to learn more?
Request a demo to see vIDix Scheduler in action!