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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

Money Management Action Plan
Home » Glossary » What is Schedule Bidding?
What is Schedule Bidding?   

What is Schedule Bidding?


 Schedule Bidding is an administrative process carried out within an organization to bid on preferred shifts, employee rotations and day-offs and then develop a work schedule that complies with labor rules and requirements stated in the organization. This process aims to reduce administrative time and costs spent on workforce scheduling, improve employee productivity, cut down expenses associated with overtime and premium pay, and enhance communications between workforce and senior management.

 The primary goal of the schedule bidding process is to free up management's valuable time while ensuring that employees are scheduled efficiently. The process also allows reaching the following goals:

  • Work schedules are aligned with employee coverage demands
  • Employee satisfaction is boosted by self-scheduling and choice of preferred shifts
  • Correct coverage is ensured
  • Employee overtime and premium pay scenarios are avoided
  • Managers are given final approval of employee calendars and schedules
  • Possible wage law violations are detected
  • Effective communications between employees and senior management are established.

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