List of Terms – W
Wages is the term for the payment given to a daily / hourly / “blue collar” employee in return for work performed. This is different from the term salary, which commonly used for monthly employees or “white collar” employees.
Wages consist of direct wages (payment awarded to the employee for actual work) and of indirect wages, which include benefits, fringe benefits, and more.
Workday refers to the number of hours for a hired employee, defined according to the provisions of Hours of Work and Rest Law, or according to collective agreements. Working time beyond the working day is considered overtime.
The term referring to all potential employees (employed or unemployed) in a particular sector / country. See also manpower.
Workforce management (WFM)
Workforce Management (WFM) represents the business approach to the workforce in the organization as opposed to the social-psychological approach to human resource management. WFM solutions are focused on the optimal management of the workforce so that its contribution to the organization is the best it can be. The field addresses employee-task assignment, proper workload planning, and analysis of the results in order to make the most of the human resources.
The field of WFM includes topics such as:
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Learn more about the Time and Attendance system
Learn mor about the Absence Managment system
Learn more about the Scheduling system
Learn more about the Labor Costing system
Workforce management software
Workforce Management software automates, regulates and centralizes the process of workforce management. Workforce Management software automatically manages time and attendance, scheduling, absence management, labor costing and data collection against organizational goals and budget requirements.
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The term refers to the hours during which the employee performs the work. There are regular frameworks that specify the working hours that the employee must attend and for which the employer will pay:
- Fixed schedules: A fixed framework that specifies the start and the end of the workday.
- Flexitime that allows the employee to determine his own working hours subject to the general framework specified in his employment agreement.
- Shifts: the start and end times of each shift are specified in the employment agreement, but assignment to a shift changes and is determined by the work schedule, based on operational needs.
- Overtime: working hours that exceed the regular framework of a workday or work week.
- Time on call (standby): Hours that exceed the employee’s regular attendance hours, during which the employee need not be present at the work site but must be available for consultation or to report to work if, need be.