Quinyx commissioned Forrester Consulting to conduct a Total Economic Impact™ (TEI) study and examine the potential ROI enterprises may realize by implementing the solution.
To do this, four representatives with experience using Quinyx were interviewed on the overall impact of using Quinyx over a three-year period. Benefits included increased labor forecasting accuracy, automation, time-saving, improved customer satisfaction, and better employee experience.
After interviewing four representatives and conducting a thorough financial analysis, here are the results a composite organization gained over 3 years of deploying Quinyx...
Quinyx reduced time spent on schedule creation by 2 hours per store manager per week – which doesn't include the additional savings of eliminating manual handling of time changes, shift swaps, and time-off requests.
Utilizing Quinyx also meant time savings for frontline workers. By automatically linking each employee’s schedule to their time attestation and payroll account, Quinyx saved each hourly employee one half-hour of manual data entry per pay period.
For the composite organization in this study with 3,600 hourly frontline employees, this meant an annual savings of over $600,000.
More than just ROI and NPV, the Forrester Consulting study identified additional ways organizations and their employees beneffited from using Quinyx.
Quinyx enabled the composite organization to use historical data to predict the optimal number of employees, leading to a 50% reduction in overtime costs and other benefits such as:
highlighting opportunities to adjust the use of full-time and part-time employees to fully leverage employment contracts
spotlighting how organizations can better dial in the timing of their seasonal hiring adjustments
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