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Heard of predictive workload but still unclear of what it is all about? Read this article for a step-by-step breakdown on how FriarTuck leverages AI to construct predictive models for its clients. 

Illustration is a copyright of FriarTuck Pte Ltd

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Tired of poor workforce management in your organization? Good news: you’re not alone. One writer even goes so far as to make the claim that “if you’ve never felt overworked at some time in your career, you probably don’t have a pulse.”

Regardless to how much of poor workforce management we have ever encountered, there is a solution to the problem!

A recent Forbes report revealed that almost half of large and mid-size companies in the United States tapped on a contingent workforce to meet the highs and lows of seasonal demands. A contingent workforce comprises of non-employee or free agent talent, which includes independent contractors, freelancers, consultants and temporary workers.

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When you walk into an ice cream or gelato shop, besides the gust of cold air that greets you, so does the wide array of flavours for you to choose from. There are the all-time favourites of chocolate, vanilla, strawberry, then there are the exotic flavours, coconut, avocado, butter pecan…and the list goes on and on. How does one even choose?

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Although predictive workload involves an extent of the unknown, it is to a large extent about using data to prepare for the unknown and it’s known possibilities. That said, how does knowledge of such forecasted data actually translate into transforming your business? Let’s dive deeper into what predictive workload is all about and why it is essential in optimizing workforces of today.

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As a human resource or planning manager, chances are high that you are up in arms regarding the seemingly endless pain points from workforce management. Yet, your stakeholders do not seem to be budging to adopt new solutions to address these challenges.

Here are 4 common myths on workforce optimizers debunked for you and your stakeholders.

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For the second part of the series, we dive in to another vital aspect of every organization – human resources – and unpack 3 keys ways to optimize your workforce through your employees.

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Optimizing your workforce should not remain as an ideal or an unattainable goal. How do you move it from being a goal to actualizing it in your organization?

In this two-part series, find out two technology-driven key practical tools that can drive the optimization of your workforce.

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While it is no longer ground-breaking news that technology will bring about disruptive change to how we live and work, it is undeniable that it has transcended beyond being just another fad. In fact, the increasing frequency of this news encroaching into our conversations (whether you realize it or not), reflect that this disruptive change is only set to accelerate in the years ahead.

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According to a report released Ministry of Trade and Industry (MTI) earlier this year, the overall labour productivity (as measured by real value-added per actual hour worked) increased by 4.5 per cent in 2017, up from the 1.8 per cent growth recorded in the previous year.

It may just seem that this stark improvement in labour productivity growth is a reflection on how industries have successfully been transforming in their journey of productivity development.