RECHARGE HR - RENEW - November 12, 2015
Are you overlooking a critical element of your compensation package? You are if you aren’t accounting for an employee’s hours of work.
HR knows that compensation and benefits are what make people want to join our companies and stay there. We spend countless hours developing and adjusting our comp and benefit programs to meet the needs of our employees and to distinguish ourselves from the competition. But what if employees weren’t receiving the benefits we so carefully crafted for them? What if our promises for pay weren’t being fulfilled and we had no idea?
If you are ready to fully deliver on those promises then learn to use the three new metrics of schedule equilibrium. Doing so will also drive bottom-line value to the business and meaningful change for the employee. Understanding schedules as a form of compensation will not only change the way you look at your compensation package, but also how you address turnover, absence, overtime, and work-life balance.
Rachel Disselkamp is the President of the Association of Workforce Asset Management where she is leading the development of an online learning and certification curriculum for workforce, time and labor management. In creating this new certification program, Rachel brings the collective expertise of a board of experts in workforce, time and labor management to bear on the very detailed and technical intricacies of certifying experts in the developing and deploying of workforce management systems.
The emphasis of the Workforce Asset Management program is not only to ensure compliance, but moreover to enable the technology to be used as strategic planning tool. Workforce management systems affect how people are scheduled and compensated – but they also monitor and influence the location, length, and cost of their work and may even predict future absences and overtime. These systems produce huge volumes of data, which go largely untapped. In a dynamic workplace, it is essential to have all of our resources working for us, not against us. Not only does poor use of technology make headlines, it also reduces the return on investment for the system. Workforce asset management professionals (WAM-Pros) use technology strategically—not as simplistic “plug and play” products, but as carefully crafted tools aimed to benefit both employer and employees.
Company: Association for Workforce Asset Management
How Employee Schedules Affect Compensation Packages (Eligible for SHRM Credit)
Thu 09:30 AM - 10:30 AM Demo E