Summary of Innovation
Veryable’s Labor Intelligence tool helps businesses achieve peak efficiency by calculating the exact labor needed to meet their daily demand. Users can quickly input the business’s total throughput goal, individual department’s target throughput, units per hour efficiency, and the current full-time employee headcount. Users can also set up any dependencies between departments for a clear picture of how each one affects the other. Labor Intelligence uses that information to show how many “Operators” or workers are needed to hit their throughput goals. The tool is linked to Veryable’s On-Demand Labor Marketplace, which enables businesses to fill those labor needs by posting short-term work opportunities to thousands of performance-rated Operators. In addition, Veryable integrates with businesses' timekeeping and operational systems to provide a holistic view of a company's entire workforce while also automating its labor needs. The Veryable model is a new labor strategy that helps businesses eliminate ground-level challenges, while also increasing their speed and flexibility.
Innovation Statement
Labor Intelligence helps businesses identify the exact daily labor needed to be able to efficiently scale up and down with demand. This tool integrates with the business's timekeeping and operational systems to provide a holistic view of a company's entire workforce while also automating its labor needs.
Applicability
Using Veryable's Labor Intelligence tool and the on-demand labor model to build a flexible workforce extension, businesses can respond in real-time to demand fluctuations instead of looking at labor as a fixed capacity.
| Posted Date | 10/03/22 |
| Contact | Jonathan Katz |
| Contact Email | jkatz[at]veryableops.com |
| Category | Best Innovation of an Existing Product |
Submitted by Veryable, Inc..
Booth(s): S3478