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Where workforce costs are hiding
Infographic: Labor spending or overspending?
The cost of labor can have a major impact on a company’s bottom line. See how LaborWise can help bring everything into focus to pinpoint where overspend is occurring.
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Companies need to know if what they spend on the workforce is reasonable or unnecessary. They need in-depth insight into what situations lead to excess cost and have actionable plans to realize a maximum savings outcome.
LaborWise examines your workforce data in context, comparing things that happen in your business every day to expose what is influencing inflated costs. LaborWise analytics identifies, quantifies, and helps resolve hidden sources of labor overspend leading to significant and sustainable savings.
LaborWise can save millions of dollars from current payroll (on average $200 to $800 per hourly employee annually) without eliminating positions or
Learn more about LaborWise and the suite of platforms and services offered through Human Capital Platform and Innovation.
The 2018 report is now available on an enhanced digital platform. Access the HC Trends app here.
How do you use the answers analytics uncovers and put them to work in the form of labor cost optimization?