Labor productivity services can assist in maximizing the productivity of a workforce. As technology has become more advanced, workers have had to keep up with it to remain relevant and valuable. This is where labor productivity services come into play, helping employers maximize their return on investment by ensuring that every worker’s time is best used. Here are various ways the services help in maximizing the productivity of a workforce:
Labor Markets
Employees go through three different channels in labor markets: employment agencies, recruitment agencies, or direct applications to businesses themselves. These different channels serve as clearing houses which match job seekers and job openings. However, even when there are hundreds of applicants for a single position, the employer still wants someone who will make the most out of their time.
Pre-Hire Services
Pre-hire services can help prevent a hiring mistake that will be difficult and expensive to correct later. A pre-hire service uses some method of prescreening or testing that helps employers find the right candidate for the job before making a final decision. Some pre-hire tests include but are not limited to skills testing, background screening, drug testing, personality assessment, and resume verification.
Post-Hire Training
Post-hire training helps new employees get up to speed more quickly. It also allows existing staff to brush up on their skills to improve productivity. An employer may participate in this part of the process themselves or engage a third-party service provider specializing in post-hire training.
Labor Outsourcing
Outsourcing labor is handing over some or all parts of your business to a third-party company. These companies specialize in back-office support and customer service to janitorial services and security operations. When managed correctly, outsourcing can lead to huge cost savings for an employer and higher productivity rates at the worksite.
Workforce Management
Workforce management includes strategies and tools that optimize talent flow into an organization. It incorporates planning, developing, and managing employee work schedules; improving access to internal talent; assessing skills gaps; monitoring absence patterns; measuring performance levels, conducting workforce analytics, and reengineering jobs to maximize worker output. It seeks to constantly improve the quality and cost of the workforce and align it with business objectives.
Labor Optimization
Many processes can be performed to optimize the performance and efficiency: improving communication between management and workers, improving collaboration among employees, increasing productivity rates through training or better workflows, etc. Labor Optimization helps maximize worker output by ensuring that every human resource is best used.
Labor Retention Services
Retention services are also among the essential workforce productivity services that help prevent talent loss at an organization, whether voluntary or involuntary. They include strategies to keep current employees satisfied, so they stay on board for as long as possible. These tools serve to retain good people when things start going south due to an event such as a merger, acquisition, layoffs, or restructuring.
Employers who use labor productivity services to improve their workforce see increased worker output and know they get the best return on investment possible from their human resources. By optimizing performance and maximizing worker output, the business itself benefits.
