Oracle NetSuite has announced a new service that promises to ease surrounding small businesses Frequently Asked Questions of Shift Management and resource allocation. exist SuiteWorld 2022 , the company offered the first Check out SuitePeople Workforce Management, a service designed to automate time-consuming shift management processes, building shift patterns based on forecasted demand. The new service also provides a simple way to monitor the hours employees work and automatically calculate wages based on that, then pass that information to Payroll.
While attendance tracking and shift management are neither sexy nor groundbreaking, NetSuite hopes that by collapsing various features into one dashboard and relying on its broader platform, it can help clients be more effective Manage human capital efficiently to improve profitability. This is especially important for businesses in the current environment struggling with the twin pressures of inflation and rising interest rates globally, the company said. Willingness to consume declined.
“In a tight labor market, organizations need NetSuite founder and executive vice president Evan Goldberg.
“With SuitePeople Workforce Management, organizations can quickly adjust staffing to adapt to changing business environments. They can also ensure that employees are paid accurately and meet compliance requirements. “ In addition to supporting the core shift management process itself, the new service allows managers to access data points on sales, payroll and forecasts, providing them with the necessary information to make strategic decisions around resource allocation.
Meanwhile, automation of the payroll calculation process is said to minimize payroll errors risk and save employees a lot of time that would otherwise be spent on manual reconciliations.
SuitePeople Workforce Management will be available in the US, Canada, Australia and New Zealand in early 2023, coming to the UK and Ireland in a few months.