WorkForce Software's 2023 IDC Technology Spotlight Report Unveils New Perspectives on Intelligent Workforce Management in Manufacturing
The first global provider of integrated employee experience and workforce management solutions, WorkForce Software, released the 2023 IDC Tech Spotlight report titled, "New Perspectives on Intelligent Workforce Management for the Manufacturing Industry." The report, sponsored by WorkForce Software and Oracle, delves into the changing landscape of workforce management within the manufacturing industry. Authored by Anu Mehta, Senior Research Analyst, Future of Work, and Amy Loomis, Ph.D., Research Vice President, Future of Work at International Data Corporation (IDC), the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets, this report offers valuable insights into challenges and trends that are shaping the future of workforce management for manufacturers and is based on survey data from IT and business executives in the manufacturing sector.
The manufacturing industry faces unique challenges, including a significant skills shortage, with North America alone experiencing an over 50% shortage in frontline employees. An aging workforce, limited job experience among recruits, and a backlog of physical operations further compound these complexities. In response to these challenges, reevaluating investment strategies for frontline operations and reimagining workforce management have become imperatives. The 2023 IDC Tech Spotlight report reveals that 46% of manufacturers consider enhancing employee experience and boosting productivity as crucial drivers for business growth.
Manufacturers are now reevaluating their approaches to workforce investments by hiring more deskless shift workers, retaining existing employees, and creating new opportunities for frontline operations. The report highlights the growing importance of the frontline employee experience and increased investments in enhancing workforce productivity.
"Our research with IDC shows that by 2024, companies offering frontline workers access to digital collaboration, process automation, and similar tools will see a 20% increase in revenue due to improved productivity," says Sandra Moran, Chief Customer Experience and Marketing Officer at WorkForce Software. "It's imperative that manufacturers with a large deskless workforce invest in the digitization and modernization of their employee-focused systems like time management - where they will likely see significant savings that often can fund their entire digital transformation project and are realized funds that can be reinvested back into the employees and future-proofing the business."
Key takeaways from the 2023 IDC Tech Spotlight "New Perspectives on Intelligent Workforce Management for the Manufacturing Industry" report include:
The 2023 IDC Tech Spotlight report offers invaluable insights to help tackle these challenges and shape future strategies. It underscores the significance of employee experience and productivity in driving business growth and emphasizes the strategic importance of leveraging technology resources to achieve organizational goals. By applying the report's insights, manufacturers can take steps forward to creating a future-ready and well-equipped workforce.
The report is available here to download today from WorkForce Software.
About WorkForce Software
WorkForce Software is the #1 rated workforce management solution for large, global employers and the first to deliver integrated employee communication capabilities. The company's WorkForce Suite adapts to each organization's needs-no matter how unique their pay rules, labor regulations, and schedules-while delivering a breakthrough employee experience at the time and place work happens. Enterprise-grade and future-ready, WorkForce Software is helping some of the world's most innovative organizations optimize their workforce, protect against compliance risks, and increase employee engagement to unlock new potential for resiliency and optimal performance. When your employees include deskless or hourly workers, unionized, full-time, part-time, or seasonal, WorkForce Software makes managing your global workforce easy, less costly, and more rewarding for everyone. For more information, please visit www.workforcesoftware.com.
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