Guide for Reducing Financial Leakage in Contract Workforce Management

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Effective contract labour management starts here: Ascent’s revolutionary solution for the pharma industry

Lata Raina

Lata Raina

23 Aug 2023 3 min read

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Effective contract labour management starts here: Ascent’s revolutionary solution for the pharma industry

In the highly regulated world of the pharma industry, managing contract labour efficiently is paramount to maintaining productivity and adhering to stringent compliance standards. With multiple contractors and contract employees working on various projects, keeping track of their information and ensuring seamless coordination becomes a challenge.

To tackle this, a robust contract labour management system becomes a necessity for multiple reasons-

Easy monitoring and enhanced oversight

Effective management of contract labour in the pharma industry involves real-time monitoring of contractors’ and contract employees’ activities. With a contract labour management system, pharma industries can track attendance, work hours, task completion, and compliance with safety protocols effortlessly. Timely monitoring allows for proactive intervention in case of any discrepancies or potential issues, mitigating risks and ensuring smooth operations. Ascent CLMS offers advanced tracking features that enable companies to stay in control of their contract labour force, leading to improved performance and accountability.

The significance of centralised information management

In pharma industries, managing multiple contractors and contract employees scattered across different projects and locations can lead to data fragmentation and inefficiencies. A centralised platform for contractor and contract employee information is crucial for creating a comprehensive and accessible database. By consolidating data related to qualifications, certifications, training, work history, and contact information and skills companies can quickly access relevant details when needed. This not only saves time but also ensures compliance with regulatory requirements, reducing the risk of non-compliance penalties.

Streamlining workflows and increasing productivity

Manual processes for managing contractor and contract employee information can lead to delays and errors. A contract labour management system streamlines workflows by automating various administrative tasks. From onboarding new contract workers to managing payroll and invoicing, an integrated platform simplifies and digitises complex processes. This streamlining not only saves time and resources but also allows pharma industries to focus on core operations, enhancing overall productivity.

Compliance and risk mitigation

The pharma industry operates under strict regulations to ensure the safety and well-being of patients and consumers- This makes managing contract labour-related compliance with relevant state and central regulations a top priority. A robust contract labour management system can help in tracking certification expiration dates, skills and training requirements, and health and safety records, ensuring that all contract workers are up-to-date with the necessary credentials. This proactive approach minimises the risk of safety incidents and legal penalties, safeguarding the company’s reputation and financial stability.

Real-time reporting and data analytics

Our solution offers real-time reporting and data analytics capabilities. These features provide valuable insights into contract labour utilisation, performance metrics, and cost analysis. Pharma industries can make data-driven decisions to optimise their contract labour force, allocate resources efficiently, and identify opportunities for improvement. The ability to access actionable data promptly helps in staying ahead of the competition and adapting to evolving market demands.

Ascent Contract Labour Management System: A proactive solution for the pharma industry

With a comprehensive solution in place, pharma industries can focus on their core activities while maximising the potential of their contract labour force. Embracing technology-driven solutions ensures that contract labour management becomes a catalyst for growth and success in the ever-evolving pharma landscape. Ascent’s Contract Labour Management System, streamlines workflows, enhances monitoring and reporting and facilitates smooth operations. To know more or to request a demo, connect with us today.

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Lata Raina

Lata Raina

23 Aug 2023 3 min read

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