5 Best Practices for Strategic Labor Management
5 Best Practices for Strategic Labor Management

5 Best Practices for Strategic Labor Management

Ineffective labor management is one of the top money wasters in most businesses. From unmanaged overtime to underutilized employees, not managing your labor properly can cost your organization an arm and a leg.

To help your company become more strategic on labor management, consider these five best practices:

  1. Hire the Right Employees
  2. It might sound like a no brainer but having the right employees on your team is a huge step toward a thriving business. Make sure your hiring process is designed to bring in high-quality, engaged employees. Disengaged employees are a burden to profits and cost an average of one-and-a-half times their salary to replace. You can’t afford to neglect employee engagement.

  3. Invest in Training and Development
  4. Properly trained employees are more efficient and get work done faster (no overtime expenses!). A thought-out personal development plan gives your employees the opportunity and direction they need to improve their skills so they can advance in the workplace. A PDP helps make your team more valuable and informed, thus improving employee satisfaction, morale and retention. manufacturing overtime labor

  5. Create a Process and Build a Relationship
  6. Make sure you have effective practices for your employees to follow. This starts by providing challenging but manageable work for employees to keep them engaged while avoiding the chance of overtime and burnout. Also, it’s key for managers to build a solid relationship with a new employee. Show an interest in his/her life and communicate expectations to help eliminate potential confusion and encourage engagement.

  7. The Right Safeguards
  8. There are a number of compliance requirements in the workplace—employee classification and state and federal laws change all the time—so be sure to regularly audit your practices and know there are a number of tools to help ensure your organization is compliant. Time and attendance software as well as custom reporting can help you avoid costly lawsuits. For instance, if an employee misrepresents his/her hours, you can still be held accountable for those overtime expenses. Which is why it’s important to keep detailed records of any times you and the employee disputed hours worked because you’ll need the documentation to prove your side of the story.

  9. Credible and Consistent Leadership
  10. An engaging and accessible leader is a valuable asset to any organization. You want your employees to feel comfortable approaching a leader on a one-to-one basis rather than turning to a lawyer, a union or the EEOC when an issue arises. Consistency in a leader’s decision making helps build trust with employees, as they’ll be able to anticipate the outcome.

To be more strategic about your labor management, make sure you have highly engaged employees following an efficient process to make your organization as effective as possible. Partnering with the right HR partner and using time and attendance solutions to accurately track hours worked and overtime will help protect your company from potential wage lawsuits and mitigate HR compliance risk.


Paycor product demo

More to Discover

Webinar: COVID-19 Command Center:  Instant Insights and Tools for Crisis Management

Webinar: COVID-19 Command Center: Instant Insights and Tools for Crisis Management

As part of Paycor’s commitment to keeping our customers informed and compliant during the COVID-19 crisis, we’re excited to announce the release of Paycor’s COVID-19 Command Center, an analytics and HR solution that delivers the instant insights and tools you need to make business-critical decisions. We will walk you through Paycor’s COVID-19 Command Center and demo the features and functionality and so you HR Leaders can make better decsions using real time data that you can manipulate and customize according to the needs of your business.Speakers: Kelly Silverman and Nabeel Sattar

Coronavirus: Unemployment Rates By State

Coronavirus: Unemployment Rates By State

Historic Unemployment Claims As more COVID-19 regulations are passed and businesses temporarily close their doors, the U.S. is seeing historic weekly unemployment benefit claims across all 50 states. In fact, the previous two weeks have seen nearly 9 million unemployment claims. According to the U.S. Bureau of Labor Statistics, roughly 5.6% of the U.S. civilian labor force has applied for unemployment benefits—as of March 28—which is higher than the peak unemployment of the Great Recession at 4.8%. Unemployment Rates By State State Unemployment Claims (Ending 3/28/20) State Unemployment Rate* Alabama 80,186 4.2% Alaska 14,523 7.5% Arizona 89,064 3.1% Arkansas 26,944 3.1% California 878,727 6.5% Colorado 60,784 2.6% Connecticut 33,182...

Paycor's COVID-19 Command Center

Paycor's COVID-19 Command Center

We're excited to announce the release of Paycor's COVID-19 Command Center, a new analytics solution that delivers instant insights for crisis management. With the COVID-19 Command Center, you'll be able to: Prepare with real time insights Plan with actionable data Respond with the help of HR experts Recover quickly by playing the long game now Discover how your organization can make the best possible decisions with real time data, actionable insights and expert HR counsel.

Webinar: COVID-19 Summit - Why Leaders Need Technology More than Ever - 4/23/20 @12pm ET

Webinar: COVID-19 Summit - Why Leaders Need Technology More than Ever - 4/23/20 @12pm ET

The HCM industry has reached a fundamental crossroads. Now more than ever, leaders need HCM technology to help them see around corners. They also need to harness the power of their people for growth, but they lack the right tools. Join Paycor’s Chief Product Officer, Ryan Bergstrom, to get an insightful deep dive into the evolution of HCM technology and why the moment where in right now is such a critical time for SMB leaders. Speaker: Ryan BergstromRyan is the Chief Product Officer for Payor and is responsible for setting the strategy for Paycor’s HCM suite to meet SMB market needs. Ryan spent 7 years at Ultimate Software, where he served as VP of Product Management. Prior to Ultimate Software, Bergstrom held manager and director titles...