Solutions

Unlocking hidden sources of labor overspend

Bring your labor into sharper focus

Labor is one of the largest costs for most companies. For a typical Fortune 500 company, payroll is $1 to $2 billion per year, which averages between 50 to 60 percent of company spending. Where are your workforce costs hiding? LaborWise can help.

About LaborWise

​LaborWise is a workforce-focused analytics solution that identifies, quantifies, and unlocks hidden sources of labor overspend, empowering organizations to optimize their workforce, drive sustainable savings, and improve productivity.

Cost savings per hourly employee: $200–$800
Based on Deloitte analysis, the average employer experiences payroll overspend resulting in excess labor cost equivalent to 0.5 to 2.0 percent of hourly payroll every year. If resolved, the average savings could be $200 to $800 per hourly employee annually.

How does LaborWise work?

LaborWise…

  • Enables workforce optimization by providing data analysis in three core areas: time & attendance, productivity, and scheduling.
  • Builds a profile of key initiatives driving your labor costs and generates a system of reporting to remediate identified issues for sustainable savings.
  • Provides performance, comparison, and context insights based on how pay and practice inter-relate.
  • Allows for ongoing management and monitoring of labor costs without headcount reduction within the organization.
  • Identifies savings that can help fund strategic initiatives within your organization.
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Identify, quantify, sustain

The LaborWise solution unlocks hidden sources of labor overspend by:

  • Identifying savings. Take action. LaborWise allows you to visualize the root causes of labor-related challenges and provides a roadmap for change to remedy those challenges.
  • Quantifying savings. See exactly how you’re doing. LaborWise is designed to identify, quantify, fix and monitor labor cost and utilization through root-cause analysis.
  • Sustain savings. Manage and sustain ongoing savings. With subscription and managed services, recurring uploads of data are analyzed to manage and sustain ongoing savings.

How Deloitte can help

Labor must be analyzed and understood within the context of the whole business. That’s where Deloitte excels—our Workforce Strategy & Insights practice brings a full-spectrum understanding of business and labor issues to every engagement, filtered through an industry and sector-specific approach. We know how businesses work, how labor contributes to their success—and how to drive change on this issue from the finance organization. With LaborWise, we combine our leadership in technology with business analytics to create sustainable value.

Get in touch

Erica Volini

Erica Volini

US Human Capital Leader | Deloitte Consulting LLP

Erica is the US Human Capital leader for Deloitte Consulting. In this role, she is responsible for the 4,000+ practitioners focused on helping organizations solve their most complex and pressing Human... More

Bob Kaunert

Bob Kaunert

Principal | Deloitte Consulting LLP

Bob is a business driven HR leader within Deloitte’s HR Transformation practice. He brings more than 25 years of experience in HR, workforce management, HR service delivery, global process design, and... More

Pat Russo

Pat Russo

Principal | HR Transformation

Pat leads Deloitte’s LaborWise solution and is a principal within the HR Transformation practice. He has extensive experience managing implementation of the foremost HCM cloud solutions, specializing ... More

Michael Gretczko

Michael Gretczko

Principal and National Service Line Leader

Michael, a principal with Deloitte Consulting LLP, has more than 16 years of experience in business transformation and focuses on leading global, multi function initiatives for Fortune 100 companies. ... More

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