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Five Ways to Cut Labor Costs with Effective Business Systems

UKG

The combination of employee wages (both hourly and salaried), benefits packages, overtime pay, paid time off and sick leave, employee wellness programs, and other labor-related expenses is an especially important consideration for a small business owner. Coordinate Payroll and Scheduling. Increase Flexibility. Diversify Skills.

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Manufacturing Work Schedules

UKG

Managing a manufacturing schedule efficiently and effectively requires foresight, adaptability, and close attention to the skills and training required to complete each project. Effective schedule management impacts every aspect of your business, from reducing costs to improving productivity to increasing employee retention.

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Leave Management: A Guide to Improve Employee Leave Management

UKG

There are countless reasons why an employee may need to request time off. Every employee deserves to have sufficient time off from work for various situations, but managing this time-off isn’t always so easy for the business’s side. For the employee, they simply just have to request the time off for a valid reason.

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Workforce Optimization Best Practices for Blue Collar Employers in Labor-Driven Industries

UKG

Complicated labor costing. Key performance indicators (KPI). Operational costs. Labor costs: Labor is the biggest overall cost for American businesses, and that’s especially true in workforce-driven industries. A few common labor costs to account for include: Hourly and salaried employee wages.

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Leading Hourly Workforce Transformation in a Post-Pandemic World

UKG

Leaders must proactively develop their employment practices to successfully attract, recruit, and retain the quality and tech-savvy employees they require in order to fulfill the needs of this drastically changing workforce. How Ascentis Time Can Help. Covid-19’s Impact on the Workforce. Challenges Businesses Face Ahead.

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How to Calculate Labor Costs

UKG

Labor costs are not only the largest overall expense for most businesses, but they are also one of the most difficult to control. Bureau of Labor Statistics, the combination of wages and salaries with health insurance and other benefits costs employers between $36 and $52 per hour , depending on the industry.

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What’s Changing with Workplace Data Collection?

UKG

Understanding those outputs and acting on it accordingly is essential to staying competitive and cost efficient. That knowledge in turn can inform decisions about the kinds of learning and performance management systems your organization employs. Understanding your workforce. Planning your budget.