RE: Exponential Profitable Growth; The Innovators of SecurityToday 12:48
The time clock is an essential component of effective HCM (Human Capital Management), and leaps forward in technology have kicked opened the doors to a revolution in their capabilities ... dovetailing perfectly with a revolution in working practices.
This is the HCM wave crest that Newmark is surfing ... and you have to say with quite remarkable skill and foresight, giving them a market leadership position that would be very difficult to dislodge.
And with many small businesses still tracking employee hours manually, the market opportunity here is huge, to put it mildly.
The massive cost savings - both direct and indirect - that can be achieved by moving to advanced time clocks like Newmark's are simply too big to ignore.
A good example of what a quite wonderful growth sector this is - and globally - is Australian-based Workforce.com.
Workforce.com has grown from an Oz student start-up at QUT (Queensland University of Technology), barely a decade ago, to now serving over 10,000 workforces globally, on six continents:-
"Used by over 10,000 workforces around the world with an average ROI of 456% and up to 80% manager efficiency gain from shift scheduling activities."
https://workforce.com/uk
"How It Got Started..
In 2012, the QUT student association was grappling with an operating loss of over one million dollars with a 100 page union wage agreement, paper timesheets and schedules and a payroll system from the 80's. It managed eighty hourly staff that ran six different campus businesses.
After going to market to purchase a workforce management solution they found not only were the options outdated, expensive with large upfront hardware and costs but most were built for white-collar industries and were not appropriate for the specific requirements of shift employees and management.
The founders of workforce.com, being students and nerds (they are still nerds), decided to build it for free.
Fine-Tuning Operations for Maximum Results
Our approach to workforce success brought about a two million dollar turnaround to the original association within a year, produced 10x the work with a third of the staff and a world record to boot. It’s since brought similar results to the thousands of businesses we’ve implemented, partnered, acquired, or seeded.
With a lack of options, most businesses are stuck using manual workarounds or old, disconnected systems that don’t keep up with modern demands. By making these operations easier, more predictable and efficient we can help keep the ship steady in winds of change whilst increasing the confidence and investment in growth.
The world is run by those who show up and clock in."
https://workforce.com/uk/about-us