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New Dayforce solution to help streamline and enhance workforce planning through real-time, data-driven insights
MINNEAPOLIS and TORONTO, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Dayforce, Inc. (NYSE: DAY; TSX: DAY), a global human capital management (HCM) leader that makes work life better, today announced Dayforce® Strategic Workforce Planning, a new AI-enhanced solution purpose-built to tackle complex workforce planning needs. Embedded within the all-in-one Dayforce platform, Dayforce Strategic Workforce Planning delivers valuable intelligence to help leaders make informed decisions on current and future workforce needs, in real-time and at scale.
The announcement was made at the company’s flagship customer conference, Dayforce Discover, being held in Las Vegas and livestreamed online. Thousands of attendees are discovering how to unlock their people potential, operate with confidence, and realize quantifiable value through the all-in-one Dayforce platform. Anchored in the company’s brand promise, Makes Work Life Better, the conference ignites the power of the Dayforce community to discover what’s possible.
Strategic workforce planning is a challenging task for organizations due to the multitude of influencing factors, including local legal requirements, global compliance complexities, skill and competency scarcities, talent supply and demand needs, and a variety of company-specific labor considerations. Organizations today often turn to disparate vendors, but – without a single source of truth – crucial information can get lost or distorted, making it difficult for leaders to see the full picture of their business. Fragmented user experiences and manual processes from these disparate and other legacy systems make this critical work time consuming, keeping leaders from staying agile.
With Dayforce Strategic Workforce Planning, customers will benefit from:
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Centralized real-time data: Access accurate real-time pay and employee data – such as the supply and demand of worker skills, absence and overtime trends, and fluctuating labor demand – and combine it with third-party sources, giving one holistic view when analyzing problems with both internal and external inputs.
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Automation: Assist with reducing the cumbersome task of manually compiling data from various areas – including collective bargaining agreements, employee seniority, skilled workforce details by region – and help customers draw deeper insights from this data with machine learning-enhanced demand forecasting.
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Elevated user experience: Help accomplish goals and associated KPIs with a conversational user interface, which makes manipulating data, crafting workflows, and creating visual data representations simple when modeling out different scenarios.
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Agility and accuracy: Keep track of variances in costs and see a clear line of sight into the plan through AI-enhanced predictions and “what if” scenarios.