Optimizing Human Resources

IFS Applications adds a further dimension to asset lifecycle management by offering a complete and integrated solution for human capital management and workforce management. This enhances our customers’ ability to plan, act and analyze their business based on human resource data and strategies to ensure better return on one of the biggest investments for all companies — personnel.

A company’s employees need to have the right qualifications to perform their tasks. They also need training and incentives along the road to achieve at their potential.

Make use of the personnel and plan for the future

We know that now more than ever human capital management is a vital tool for helping a company to meet its business challenges. Our solution facilitates and enhances the analysis of historic and actual data to help companies plan for the future and get an overview of operational and strategic situations.

Besides gathering operational data such as time reporting, travel expenses and payroll information, we offer support throughout the human capital management process, from core competence definition, recruitment and employment to motivation, career planning, and competence development.

Combine measures for efficiency

The integration of human capital and asset management enhances performance, for example by analyzing scrap rates and overtime to see how the volume of overtime hours affects the quality of production.

It also enables efficient planning of competency through monitoring and analysis of the current work force against future trends in order to take corrective measures through employee development or recruiting. Companies can also follow up on employee time and costs when performing budget follow-ups. With accurate historic data available, it is easier to make well-grounded budgets for the following period.