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In any organization, there is a difficult balance between being having too many human capital resources and too few. This problem is especially pronounced in larger companies, where it is impossible for everyone to know what everyone else is doing.
Having too few human capital resources results in poor customer delivery and experience, as well as stressed-out employees. This results in declining quality, increased healthcare costs, premium payroll costs for temporary workers or overtime, and potentially lost business.
Having too much
Having too many human capital resources, of course, results in extra payroll costs, but it also can have other insidious effects too, such as potential employee boredom (which can cause top-performers to leave, while the bottom-performers have found a nice haven.)
Often a company can be both over- and under-resourced at the same time. How is this? The answer is that, for many businesses, there are often peak seasons or hours, as well as new, changing, or finishing projects or products that must vary the amount of work needed to be done at a particular moment in time. Many companies don’t have a robust and easy way to see how these changes will specifically effect their staffing needs and their resource utilization, nor do they have a way to quickly predict and respond to them.
Frequently the negative effects of over-resource allocation and under-resource allocation are seen after the damage has already been done, making it even more difficult to get back on track.
Part of the solution to this problem is to analyze past data and have a flexible workforce, but wouldn’t it be far better to be able to have a real-time automated analysis of workforce utilization, as well as some predictive analytics that could project variances in advance, so that they can be better dealt with? Also, wouldn’t it be great to have a tool that can show, in real time, how any project or resource change will affect all the other projects and people within the organization?
Luckily, such a tool exists!
The RoundWorld 360° tool allows for CXO’s, and others, to instantly see which resources are under- or over-deployed, where the bottlenecks are, and how a program/project/resource change will effect all of the other staff and resources within the organization. It will also analyze the upcoming schedule and predict where under- or over-utilization will occur – which results in tangible cost savings, as well as increased quality and customer satisfaction.
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