At this year’s SuiteWorld conference in Las Vegas, NetSuite announced the introduction of NetSuite SuitePeople Workforce Management. Due to be launched in 2023, the solution provides streamlined shift scheduling, easy recording of time and attendance across your workforce and simplifies the calculation of wages with several automated features.
NetSuite SuitePeople Workforce Management helps companies manage their labour costs and profitability. As well as automating routine tasks like scheduling staff, tracking employee hours worked and calculating wages, it also provides recommendations on staff scheduling to help companies optimise staff to achieve their business goals.
Evan Goldberg, founder and EVP of Oracle NetSuite said “With SuitePeople Workforce Management, organisations can quickly adjust staffing to align with changing business conditions. They can also ensure they accurately pay their employees and meet compliance requirements. This addition to SuitePeople reinforces our commitment to helping our customers increase employee engagement, which in turn positively impacts the bottom line.”
SuitePeople Workforce Management helps companies to balance their workforce needs and profitability by providing financial and operational management with insights into sales, production targets, and staff costs. It also supports employee engagement by enabling them to view their work schedules, clock in and out of shifts, and request shift changes directly from their mobile device.
SuitePeople Workforce Management helps companies to ensure timely and accurate financial data by integrating shift forecasting, wage calculations, and scheduling with employee attendance, payroll, and financial systems. SuitePeople Payroll also seamlessly processes approved hours for payroll runs and automatically posts to the general ledger. This simplifies workforce management and helps to increase accuracy. It also helps managers make more informed decisions by providing real-time access to sales and staffing data.
SuitePeople Workforce Management functionality
Visual scheduling eliminates the use of stand-alone scheduling applications or spreadsheets. It also enables teams to use a combination of forecasts, employee schedule templates, labour costs, and staff deployment models to build a staffing plan. Companies can more accurately forecast staffing to ensure they are correctly staffed to meet demand.
SuitePeople Time Clock provides your employees with mobile tools to record their time and attendance. It also has options for photo capture and biometric fingerprint verification that eliminate the risk of employees logging in and out of work on behalf of others. SuitePeople Time Clock combines digital time-clocking with a scheduling solution that ends the need to manually calculate hours. It also increases the accuracy and efficiency of time collection and payroll processing.
A wage rule engine automates the calculation of regular hours, overtime, and holiday pay. It reduces payroll errors and eliminates the need for manual reconciliations as approved hours seamlessly flow from SuitePeople Workforce Management to SuitePeople Payroll for automatic processing.
A real-time dashboard enables managers to obtain insights into day-to-day staffing and operational metrics including sales, wages, and forecasts and compare them to actuals. This visibility helps managers make data-informed decisions around workforce costs and profitability.
A mobile app helps employees track their time, fill, swap, drop shifts, and chat with managers. It also makes it easier for managers to act if an employee has not clocked in or out of their scheduled shift.
Workforce Management is part of NetSuite SuitePeople, a human capital management solution that weaves people data throughout NetSuite. The solution improves communications for faster, more confident workforce decision-making and planning.
NetSuite SuitePeople Workforce Management will be available in the United Kingdom and Ireland in Summer 2023.