Underutilization can cause lower employee morale. At the same time, overloading them with work can cause stress and burnout. Both can hamper the workforce’s productivity and affect the organization’s overall profitability. Nevertheless, besides feedback meetings, motivational seminars, stress management sessions, etc., workforce optimization can help enhance productivity.
It is a management practice that aims to boost employees’ performance, efficiency, and productivity and improve business profitability. Done at both the project manager’s and resource manager’s level, this technique consists of planning, forecasting, allocation, scheduling, and optimizing utilization of organization resources.