The WFC Group Blog

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Millennials in the workplace have had more than their fair share of coverage, largely due to the shift in employees' cultural expectations of their employers. And as these millennials rise up in the ranks to fill management positions, businesses are caught searching for ways to make the most of their new school management styles (eschewing the status quo of management roles from years past). The Workforce Institute at Kronos dove into the millennial management mindset recently in their podcast, and we'd like to call attention to some of the key themes that should guide businesses' as they prepare to make this new generational outlook work in their favor.

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Companies of all sizes are flexing their remote workforce muscles more and more as of late. Some allow employees to work offsite on a regular (e.g. weekly) basis, while others like us at The WFC Group operate entirely remotely. This flexible working style offers a lot of benefits to organizations, from tech-driven startups to massive enterprise systems, but not without having a solid workforce management system in place to support it. With a fragmented workforce of any size, the importance of unhindered personal access to benefits, payroll and productivity tools like timekeeping is paramount—all of which can be solved with centralized workforce solutions.

Since our founding in 2009, clients have turned to The WFC Group for our clear and shared goal of maximizing workforce potential. As implementers and consultants, we've found our calling at the cross-section of workplace infrastructure and technology, helping businesses define a combination of processes and tools that set the stage for success.

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Businesses today face an increasing need for accountability, and regulatory compliance is a huge part of that conversation. But to many human resources professionals, organizational compliance seems to often end up in a stressful gray area. The Workforce Institute at Kronos Inc.'s new study called "The Risky Business Survey" unveiled some surprising concerns across a majority of HR departments that build anxiety and create unnecessary risk that might not stand up to an audit. It's this kind of anxiety that detracts from the departments' ability to build strong workforces and culture.

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The financial industry is no stranger to regulation, but credit unions have the added scrutiny of keeping operations pristine to secure its members' benefits (like lower service fees and higher interest rates). Getting smacked with a penalty for non-compliant labor practices won't do anyone any favors. Luckily, the latest wave of workforce management solutions help institutions streamline many standard, daily processes that would be prone to costly manual errors in the event of an audit.

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At the end of March, Kronos announced important updates to Kronos Workforce Ready, emphasizing a refined mobile experience throughout. Because businesses of all sizes trust Workforce Ready to manage their workforce (not just small businesses) these updates will go a long way to help employers deliver more modern workplace experiences.

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When people think of automation in manufacturing, minds often jump right to robotics, production equipment and job security. Thankfully, these sources have helped advance many areas of the manufacturing workforce, creating opportunities for higher paid, skilled roles—what's being referred to as "New Collar jobs." The National Association of Manufacturers 2018 State of Manufacturing address highlights this growth and how the workforce has benefited, but employers face another important opportunity to maximize productivity and organizational efficiency.

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The landscape of retail is changing rapidly—as evident from the struggles of some of the biggest names in the game. Being slow to adapt to the demands of newer generations is no longer an option for most. (We see you, Gen Z.) With forecasts pinning 2020 as a crucial turning point, the pressure is on for retailers to tighten up their operations—and internal technologies like workforce management are just as important as customer-facing ones. Our partners at Kronos have identified three key workforce management themes that will affect bottom lines over the next couple of years, and we'd like to further emphasize their importance.

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In an interview with the New York Times, Kronos Incorporated CEO Aron Ain shared his belief that "the single largest component of a business that adds to shareholder value is great management, and the single largest destroyer of shareholder value is bad management." That's certainly not a far-fetched idea, considering we believe there's truth to the adage people leave managers, not companies. Great managers inspire strong performance and productivity while maintaining strong employee retention, so how can companies use management to their advantage? First it requires knowing what makes great managers.

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Last month, our partners at Kronos Incorporated announced their latest recognition. According to a new study called Best in KLAS by KLAS Research, an independent healthcare IT data and insights company, Kronos workforce solutions ranked highest for Time and Attendance in healthcare software and services.