Guide for Reducing Financial Leakage inContract Workforce Management

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Glossary

Workforce Management System (WFM)

A Workforce Management System, often referred to as WFM, is an electronic platform utilized by businesses to effectively oversee and assess activities related to their workforce. This system aids in organizing staff schedules, monitoring attendance, handling leave requests, and making certain that employee allocation aligns with operational needs.

Includes:

  • Employee scheduling and shift management
  • Attendance and working-hours tracking
  • Leave and absence management
  • Workforce allocation and planning
  • Payroll and labour compliance support
  • Employee productivity monitoring

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