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I've noticed that some of the material on NWT's website has just been refreshed, and here's a snippet that is particularly worth noting:-
"Through our dedication to providing exceptional security supported by beneficial value-add services, we are strongly positioned for exponential – and profitable – growth."
https://newmarksecurity.com/about/
Exponential profitable growth: that's as bullish as I've seen from the company - people who aren't known for their hyperbole - and it does highlight just how confident they are of the outlook here.
This heading on the home page is also new:-
"The Innovators of Security"
https://newmarksecurity.com/
This is a noticeably greater emphasis on the company's cutting-edge innovation: innovation which helps to distinguish it, and make it so special.
And it certainly seems sensible to emphasise this.
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
Today is International Human Resources Day 2024: and with a theme that emphasises HCM (Human Capital Management) technology like NWT's:-
"The CIPD celebrates International HR Day 2024
Join the global celebrations of the people profession and explore engaging discussions on ethical tech and AI integrations, future workplaces and more
Join us in celebrating this year’s IHRD International HR Day on 20 May.
This year’s theme is HR Shaping the new future with four sub themes of:
• Ethical use of technology and AI
• Future workplaces
• People leadership
• Continued innovation in skills and education ..."
https://www.cipd.org/uk/about/news/cipd-celebrates-international-hr-day-2024/
And indeed Grosvenor Technology is exhibiting at the CIPD exhibition in London in barely three weeks:-
"An Eventful Season For Grosvenor Technology
As part of Newmark Security, Grosvenor Technology is gearing up for a busy exhibition season showcasing its industry-leading security and workforce management solutions worldwide. From Birmingham to Amsterdam to Chicago, the Grosvenor team is demonstrating the power of its technology designed to transform workplace operations.
This spring, you can meet key team members at:
• The Security Event 2024 (Birmingham NEC, April 30 – May 2)
• HR Technology Europe (RAI, Amsterdam, May 2-3)
• CIPD Festival of Work 2024 (ExCel, London, 12-13 June)
• SHRM Annual Conference and Expo (Chicago, June 23-26) ..."
https://newmarksecurity.com/insights/an-eventful-season-for-grosvenor-technology/
Like the term 'mobile phone', the term 'timeclock' can be a bit of a misnomer, as GT themselves point out; but it's a term that people seem happy to run with:-
"Experience Meets Innovation
For nearly 50 years, GT Clocks has been providing Human Capital Management (HCM) solutions. Our success has relied on our continuous innovation, which is driven by our extensive industry experience. GT Clocks is committed to delivering quality solutions and services to our clients.
While our products and services have evolved over time, our core philosophy remains unchanged: to provide our HCM partners with dependable and technologically advanced devices, data-entry terminals, or what many of our valued partners still affectionately refer to as ‘timeclocks.’ We don’t mind; we’re proud to be known as the ‘clock guys.’
At GT Clocks, we take immense pride in our exceptional team. Whether it’s in Operations, Sales, or Development, we foster a collaborative approach to deliver more than just secure, intelligent solutions."
https://gtclocks.com/about/
The term 'technologically advanced edge computing data-entry terminal devices' would probably be more accurate for GT's solutions ... but it doesn't have quite the same ring to it!
So timeclocks it is then ... and the market opportunity is huge.