Workforce Management (WFM) refers to the strategies, processes, and activities used to optimize employee productivity and ensure that an organization has the right number of staff with the right skills in the right place at the right time. This involves various tasks such as forecasting demand for labor, scheduling employees, monitoring performance, and analyzing workforce data. WFM is commonly utilized in various sectors, particularly in industries like retail, customer service, and healthcare, where staffing needs can fluctuate significantly. The goal of workforce management is to balance operational efficiency with employee satisfaction, ultimately driving organizational success. Key components of WFM include workforce planning, scheduling, time tracking, and performance management. By effectively managing their workforce, organizations can reduce labor costs, improve service levels, and enhance overall productivity.
BioNTech's mRNA vaccine success transitions to a new chapter focusing on cancer therapies. The company reported a decline in earnings per share to 1.08 euros but beat market expectations. Revenue…