NOVEMBER 2015HR TECH OUTLOOK6Until recently workforce management was handled with the help of spreadsheets and time re-cording--a time-consuming process which lead to non-productive idle times and poor customer services, culminating in high operational costs. Today, technological advancements have enabled the workforce management market to come in terms with the emerging needs of the modern or-ganization. The demand for this market is driven by cloud ubiquity and the changing work dynam-ics. Factors such as increasing usage of smartphones, internet, and mobility are also driving the market.Managing the workforce will most likely continue to be shaped and scrutinized by news and social media and driven by changing regulations. In the days to come, we can expect to see a greater reliance on the same technologies that is already driving workforce management solutions more powerful and beneficial for businesses. This includes data sharing, real-time processes, automa-tion, and cloud-based services along with numerous business technologies. Cost reduction and containment, schedule predictability, and what-if modeling to manage em-ployer mandates in addition to competitive, diverse labor markets could measure workforce man-agement in the future. Fine-tuning, engaging, and solving workforce management problems will also pose as the new milestones on the workforce management road map. These changes necessitate a new workforce management model supported by enabling methods and tools and skilled resources to provide review and improvement as an ongoing function and responsibility.At this juncture, workforce management solutions such as time and attendance, talent manage-ment, compensation management, performance management and analytics are helping HR to hire and retain employees. HR Tech Outlook and its panel of industry experts have compiled a list of `The 10 Most Promising WFM Solution Providers' and has brought out their stories in this edition. Flip through the pages to understand the ways they work and their innovative offerings. Do let us know what you think. WFM: Driven by the Wheels of ChangeHanna WilsonEditor-in-Chiefeditor@hrtechoutlook.comCopyright © 2015 HR Tech Outlook, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.NOVEMBER - 2015Mailing AddressValley Media Inc.44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538T:+1 (510) 509-1655 HR TECH OUTLOOKNovember 2015, Volume 01, Issue 09 Published monthly by Valley Media Inc. To subscribe to HR Tech OutlookVisit www.hrtechoutlook.com Editor-in-Chief Hanna WilsonEditorial StaffSalesEric Young Gerard HallHelen MartinJoe TaylorLisa WhiteSandra ClarkVisualizersShanell JonesEditor's Note Abigail Jonesabigail@hrtechoutlook.comT:+1 (510) 509-1721
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