The ROI of WFM: Avoiding Fat-finger Errors, Ensuring Accuracy and Improving Efficiency for Contractors [VIDEO]

An image of a business man's desk with a tablet and pen in his hand, analyzing data all in tandem.

Purchasing new software is a big decision. Not only do you need to vet and select the right solution, but you have to implement the proper tools, people and resources to put the software to work for your business. So before you pull the trigger on purchasing a new piece of contech, it’s important to analyze the potential return-on-investment (ROI). In other words: Will the juice be worth the squeeze.

Are you considering purchasing a construction workforce management (WFM) platform like LaborChart? Before you do, we encourage you to explore what your potential ROI could look like. In order to truly understand the ROI a WFM platform can provide your organization, let’s first take a look at the current solutions—whiteboards and spreadsheets.

Calculate your savings with LaborChart's workforce management calculator.


Experienced Contractors Using Whiteboards and Spreadsheets

Many construction companies use whiteboards and spreadsheets to manage labor. After all, that’s the way it’s always been done. However, this approach to labor scheduling is a time drain on both administrators as well as the people in the field (trust me; I spent 43 years in the construction industry trying to find a more efficient solution to the problem. Luckily, I found LaborChart in my 37th year). 

By relying on whiteboards and spreadsheets to “manage their labor”, contractors are missing out on gaining access to real-time information. Plus, they’re spending unnecessary time on updating phone numbers, making phone calls, sending emails and tracking down the right individuals. 

What’s more; spreadsheets are prone to human error. Ever heard of a fat-finger error? It’s one of the most common mistakes made when inputting data into a spreadsheet, where you accidentally type the wrong key or keys. 

Contractors who take advantage of digital workforce management, however, save time, save money and are more likely to avoid human errors like fat-finger errors. 

Check out the video to see what I’m talking about.


Proactively Solving Workforce Management Problems 

Mistakes happen. But if you can identify the error before it becomes a big problem, that could be the difference between making a comfortable profit or being in the negative before the project even starts. By proactively managing your workforce with the right tools, you can ensure you’re working with the right information, your workers have the certifications they need and your business is set up for success today and into the future. 

Having information at your fingertips is powerful during all stages of a project, but at the beginning, it can be a preview into how everything is going to play out moving forward. With  one, digital source of truth that everyone can rely on, your business can have multiple eyes on your workforce data. This, in turn,  gives you the organic double and triple checks your organization needs when running complex construction projects.


Workforce Management Software Creates Positive ROI

Realizing positive ROI comes when you consider the time savings, the boost to employee morale and the peace of mind that is created.. LaborChart can help you get there.

Quotes from Greg Crook, Guarantee Electrical; Richard Kloet, Slotegraaf; Ryan Spotowski, Desco and LaborChart, a Procore Companyf

As the construction industry evolves, workforce management will be top-of-mind for contractors around the world. Is it for your business?

Take a look at our interactive calculator and see how much money you’re spending on labor compared to how much LaborChart could save your business. Discover the endless possibilities LaborChart can provide for your organization and stay ahead of the pack.

Watch our latest workforce management videos.

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Sr. Workforce Advisor
Gary Fuchs is a Senior Workforce Advisor at LaborChart. Prior to LaborChart, Gary was VP of Construction at Westphal Electric. He and his wife Cheryl are proud parents of three daughters and 10 grandchildren. Gary enjoys woodworking, golf, hunting, fishing, and working with LaborChart. In his past, Gary was a volunteer firefighter and basketball official.

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