Supply chain industries face an extreme labor shortage. According to the U.S. Chamber of Commerce, there simply aren’t enough people to go around:
“Even if every unemployed person with experience in the durable goods manufacturing industry were employed, the industry would fill only around 75% of the vacant jobs.”
Where did the workforce go?
The Institute of Supply Chain Management notes the shortage has become more severe as baby boomers retire without a wave of younger generations to replace them.
Chances are, you’re feeling the pinch.
Too bad you simply can’t order a shipment of top-quality, highly engaged employees. However, you can do more to attract the good candidates already out there — and retain them once they’re hired.
Those younger workers you desperately need grew up with tech. They adapt naturally to using apps to manage their own employment details, from payroll to scheduling. Paycom’s single software empowers your team members while relieving the pressure you face every day.
Let’s explore six areas Paycom improves workflow for your supply chain business.
1. Mobile accessibility
An anytime, anywhere connection to HR answers is a win for everyone. Our self-service app gives employees access to their HR and payroll information whether they’re on the road or in the warehouse.
Communication improves with streamlined HR processes. You’ll find our user-friendly interface is a winner with all generations.
2. High employee turnover
Retaining the employees you have is a priority. Our easy-to-use app gives them 24/7 access to their HR and payroll data, where they can:
- complete onboarding documents
- do their own payroll
- retrieve tax forms
- change contact and benefits information
- take compliance-related training
Best of all, employees don’t have to wait for HR’s help. That transparency builds trust and satisfaction to help reduce turnover.
You and your team can use development tracking and performance management features to help workers reskill and upskill to reach their potential. Investing in a team member’s development goes a long way toward higher engagement and retention.
3. Workforce management and scheduling
Time clock integration and automated scheduling remove hassle and help employees focus on their work.
Shifts are managed more efficiently. Employee attendance is easy to track. And error-free payroll processing is built right in as your people verify the accuracy of their check before submission.
4. Employee benefits administration
“I love figuring out my health insurance every year!” said no employee ever.
When open enrollment rolls around, Paycom is there with administration tools that simplify the benefits process. They help employees clearly understand their options so they make informed choices.
And you can feel confident as the software empowers you to follow complex health care regulations.
5. Compliance and regulatory challenges
Legal compliance goes way beyond insurance. The supply chain sector is highly regulated and riddled with changing labor laws. No problem. Paycom monitors for updates to relevant employment laws.
Audits just got much easier, too. Our software provides all the necessary documentation and reporting to keep you ready and agile.
6. Data integration and reporting
Our reporting capabilities extend into analytics. Looking for data-driven insights into your workforce? Generate customized reports and identify trends that need your attention. Turnover, absenteeism and other HR-related metrics go from a hunch to actionable information. Then you can confidently make changes to protect your valuable team.
A pause in a supply chain today shows up as a shortage tomorrow. The same is true of your employees. We’ll help you stay one step ahead of expensive gaps in your workforce. A satisfied, engaged team protects you and your organization from disruption.
Explore Paycom’s single software to see how it helps supply chains overcome a talent shortage.
DISCLAIMER: The information provided herein does not constitute the provision of legal advice, tax advice, accounting services or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional legal, tax, accounting or other professional advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation and for your particular state(s) of operation.