wfm meaning. ”. wfm meaning

 
”wfm meaning  And if you’re integrating your contact center software with your WFM solution, these metrics will even generate automatically and in

3. It stands for “ Wait For Me ”. . Intraday Management proactively adapts to everchanging conditions and behaviors, delivering consistent and efficient contact center staffing. 4 shows the TEM cross section after WFM chamfering, as an example. WFM Meaning. A workforce management (WFM) solution is a software solution that helps organizations streamline and automate the processes that manage workers’ time, organize and deploy their labor force efficiently, enable employee and manager self-service, and ensure employee safety. WFM stands for Workforce Management, a term that encompasses all of the processes that a contact centre undertakes to have the right number of staff available at the right. Cable Telecommunications, Telecom, Cable. FTE vs. “SMH” is used often in social media, texting, email, and. At its core, workforce management comprises all the activities and processes needed to manage and maintain a productive workforce – from budgeting, scheduling, and forecasting to tracking employee time and complying with regulations. Script: A written guide produced for agents to assist them with call. The term “skills gap” describes a fundamental mismatch between the skills that employers rely upon in their employees, and the skills that job seekers possess. Home Games & Quizzes History & Society Science & Tech Biographies Animals & Nature Geography & Travel Arts & Culture Money Videos. 8. World Chess Federation (FIDE) has approved and granted various chess titles. The XGF-02 Gundam Lfrith (XGF-02 ガンダム・ルブリス, Gandamu Ruburisu?), aka LF-03, is a mobile suit introduced in Mobile Suit Gundam the Witch from Mercury PROLOGUE. In other words, they need workforce optimization, meaning a broader platform that includes the power of WFM with other HR functions, such as benefits, recruiting, and talent. To better understand FTE meaning and to understand how it works, here is a sample calculation. Total: 0. The contact centre shrinkage formula is calculated by adding the total hours of external shrinkage and the total hours of internal shrinkage, then dividing this by the total hours available, before multiplying the result by 100. Chess master titles. 1. This means an update in one area of the business, such as sales, will trigger updates in related areas, such. First, I'd take data from quarterly and annual reviews, including self-reflective information from staff. Contact center workforce management is a set of processes ensuring that adequate agents with appropriate and relevant skills are scheduled to be available at specific times to handle customer. The X-EX01 Gundam Calibarn (X-EX01 ガンダムキャリバーン, X-EX01 Gandamu Kyaribān?) is a mobile suit introduced in Mobile Suit Gundam the Witch from Mercury. A workforce management (WFM) solution is a software solution that helps organizations streamline and automate the processes that manage workers’ time, organize and deploy their labor force efficiently, enable employee and manager self-service, and ensure employee safety. Works For Me. One plan worth a close look is the consumer-directed health plan (CDHP) – sometimes called a consumer-driven health plan and high-deductible health plan (HDHP). The goal of WFM software is to gain visibility into business metrics,. , Titles for chess players, Titles for chess trainers, Titles for chess organizers, and Titles for chess arbiters. Use different tools. Meaning of WFM by Bruno Mars. Threats include any threat of suicide, violence, or harm to another. Workforce management definition. 89 "Wfm coordinator" interview questions. Transform and streamline your business today. WFO vs WFM . WFM - Woman FIDE Master. ASL – Tell me your Age, Sex,. Workforce management, commonly called WFM, usually refers to how a contact center handles and organizes its staff. There are three categories in workforce management:wfm Learn about the song’s lyrics on the latest episode of ‘Verified. For the time being, I believe that the Parade Control is broadcast in NFM in addition to WFM. It is piloted by Guel Jeturk. I promise we'll be fine. A new definition of workforce management: a thought leadership Advertorial from interactive intelligence. Works For Me. Understanding costs for a job at this level will help you better budget and plan for similar projects. V. For any successful business, a WFM solution is essential. Patented AI and machine learning technology harness the power of your organization’s greatest asset – your people. Is. Workforce management can also refer to scheduling shifts. Session. Create a deployment plan and ensure detailed documentation of the process. Workforce management lets employees and contractors log and track their time to correct pay. com. 'Cause baby, I am yours. The definition of full-time may vary by region. While WFM, on the other hand, is clearly focused on flexibility. Real-time data collection. The vast process of WFM (Workforce Management) involves a set of activities such as; The process makes sure that the business stays on track with the implementation of WFM activities. Currently, there are 195 federations are registered with FIDE. This can be done by using a small Audio signal on the varicap of take a caricap with a small capacitor value and hence change on the total LC network. Him: so baby, why can’t you WFM ( wait for me )? Her:. Workforce Management (WFM) es el término utilizado para referirse a las soluciones que permiten gestionar la fuerza de trabajo de una empresa. Workforce management (WFM) is the application of information technologies in business, or the use of applications and other products to analyze, evaluate, and optimize workforce systems. 2 . Workforce optimization solutions leverage configurable business processes powered by flexible technology to support continuous change and agility. A backwater valve prevents disposed sewage from reentering the home. All of these factors are designed. & comp. Workforce management definition. Absenteeism in the workplace is a common phenomenon, costing the US economy $84 billion annually. Preparing for the future. scheduling and rostering staff. The main difference is that shift schedules are usually created for a set, long-term period and are thus used for long-term planning. While these WFM processes may seem like a lot to. Headcount. WFM is indeed. balancing employee skills mix. Creating a RACI chart on monday. WFM (Workforce Management) is a framework used to maximize an organization’s performance level and optimize the productivity of employees. To achieve the WFM title, a female chess player must attain a FIDE rating of 2100 or higher. With workforce planning, you have a roadmap for your staffing requirements to prepare for the future. Power up WorkflowMax’s project management prowess with more than 30 software integrations. behavior found to be not in conformance with all company policies regarding sexual harassment a woman with no interest in conformance to the dictates of fashionStatement of Qualifications Example for Students and Entry Level. Learn More. The choice of these parameters will dictate the design of the receiver's channel filter and minimum channel spacing. As a Shopper in our stores, you give access to wholesome food to 20-40 families a day that may be unable to shop for themselves. Disneyland primarily uses WFM for their communications, so If you really want to be able to listen in, you're going to need a scanner capable of WFM reception. The process includes all the activities needed to maintain a productive workforce, such as field service management, human resource management, performance and training management, data collection, recruiting, budgeting, forecasting, scheduling and analytics. Metrics measure the success of everyday business activities that support your. VoLTE is a notable edge of 4G vs. Δf Δ f is the peak frequency deviation, and fm f m is the highest frequency component in the baseband input. Dayforce is a full-suite HCM solution that offers numerous workforce management modules in addition to other core HR aspects. A perfectly intuitive Zendesk integration makes your CX agents’ lives. The Shrinkage Formula. For example, in the WFM chess title, the letter “W” stands for the woman. IM - International Master. Field service management. KPIs support your strategy and help your teams focus on what’s important. Shrinkage on adding both together = 30% . WFM stands for workforce management, the strategic allocation of people and resources to optimize productivity and reduce risk. e. What does WFM mean as an abbreviation? 79 popular meanings of WFM abbreviation: No terms for WfM in Service. CSAT, or customer satisfaction score, is a commonly used metric that indicates how satisfied customers are with a company’s products or services. Modulated). An interaction model provides the underlying structure or blueprint for how a product or system behaves based on known user behavior. Access the most powerful technology to help you drive performance, streamline scheduling, time, and attendance, and help your. With a CDHP, you must pay your medical costs before your health plan does. Texting, Chat, Internet Slang. challenging devices for SAC enablement due to thickest WFM stack among all devices. Introduced in 1978, the WFM title is a step above the Woman Candidate Master (WCM) title. What is Reimbursement. It is intended to replace the current call technology that we have now. Toronto R&B phenom Realestk has been racking up millions of streams with “WFM,” a dreamy ballad he released last month. At its core, workforce management comprises all the activities and processes needed to manage and maintain a productive workforce – from budgeting, scheduling, and forecasting to tracking employee time and complying with regulations. WFM supports XLS, CSV, and flat file formats. Time Tolerance: Time late or early that is allowable to be considered “on time. Without a clear understanding of WFM meaning and its importance, organizations may struggle to optimize their workforce and achieve desired outcomes. It includes all the activities needed to maintain a productive workforce, such as field service management, human resource management, performance and training management, data collection, recruiting, budgeting. Viewing 1 - 10 of 89 interview questions. Workforce management, or WFM, is the process of improving the productivity of every organization member. e. An exception request is a type of coverage determination. " Image for WFM. Its capabilities typically include labor forecasting, employee scheduling, time and attendance tracking, leave management, and rule or policy enforcement platforms to assist with. " Image for WFM. armature radio, taxies, marine, etc. If you have one of the above titles and would like it shown on your chess profile, click here to see the process. WFM is Work Force Management is an important department in BPO which do act on agent roster, manpower planning and forecasting etc. TechTarget Contributor. 4. Centralise company updates and benefits. Advanced WFM software uses technologies such as call pattern analysis and skills based routing to assign agents most suitable for the job. WFM was first used by call centers to improve efficiency, productivity, and. WFM tends to focus very specifically on the forecasting and. The Bruno Mars song titled 'WFM' is a mesmerizing and thought-provoking tune that delves into the themes of temptation, longing, and the complexities of relationships. You probably learned about the concept of supply and demand as far back as high school economics class. ASAP – As Soon As Possible. WFM: [interjection] acronym for "works for me". At its core, workforce management comprises all the activities and processes needed to manage and maintain a productive workforce – from budgeting, scheduling, and forecasting to tracking employee time and complying with regulations. com is as easy as heading to monday. Workforce management (or WFM for short) is a combined set of interrelated processes and practices that a business uses to track and improve the productivity of its employees. Please know that five of other meanings are listed below. At its core, workforce management comprises all the activities and processes needed to manage and maintain a productive workforce – from budgeting, scheduling, and forecasting to tracking employee time and complying with regulations. If your WFM team spends any time in their day adjusting breaks and lunches after the fact because an agent was stuck on a phone call, this is a good indication. It encompasses all facets of the employee journey, commencing with recruitment and extending to hiring, scheduling, performance assessment, and succession planning. Workforce management (WFM) is the strategic alignment of people and resources to business objectives in ways that optimize and automate scheduling and performance management based on agent availability, forecast call volume, and revenue targets. The basic building blocks of contact center WFM. Put simply, it ensures that the right number of agents, with the right skill sets, are staffed at. Contact us today for a 15-minute conversation on how StoreForce can help you drive store performance and execution for less than the cost of 1 transaction per week. With solid WFM practices in place, call and. 50 Categories. By default, LTA and break time are not included in the. We believe that the best ingredients belong on your plate. 2. Perhaps the two have been confused and the mistake has perpetuated. There are only 895 players who are able to become WFM in a chess career. WFM comprises two components: efficient WFM software and competent specialists to ensure that the WFM software operates optimally. Perhaps the two have been confused and the mistake has. This WFM definition list guides you through the ever-changing world of workforce management, contact centers, and customer experience. 30%. It includes: forecasting staffing levels. This was a prototype MS developed by the Ochs Earth Corporation, a company that was established on Earth. That's teh ticket! Pwned! I've seen 'wfh' degenerate to 'wtf' a few times. Aspect introduced the industry’s first intelligent automatic call distributor (ACD) in 1973, the first workforce management (WFM) product in 1980, and. FORTUNE 30 MEDIA & TECHNOLOGY COMPANY. by mrwl October 9, 2021 Get the WFM mug. monday. Benefits of having a WFM titleWFM is a part of the whole. balancing employee skills mix. The term was used for a long time to describe someone who was accepted as an expert player, but it now has an official meaning. WFM scheduling is a way of determining how many employees are required for a particular job at any given time. WFM Software. The fields have to appear in the same sequence as specified in the Interface File Formats document. WFM software got its early start in call centres, forecasting call volumes. Prepare for your interview. It covers everything from basic abbreviations used by planners to the terminology experienced forecasters use. Effective workforce management encompasses all of the activities. Since you're installing a fresh copy of SPWFM on new hardware and upgrading the existing WFM databases, this procedure is. Number of data points generally depends on capture memory depth = sample rate x timebase. Start by creating one or more forecast scenarios. Visibility to. Interactive Voice Response (IVR) is an automated phone system technology that allows incoming callers to access information via a voice response system of pre recorded messages without having to speak to an agent, as well as to utilize menu options via touch tone keypad selection or speech recognition to have their call routed to specific. Define WFM at AcronymAttic. Both stations share studios on East Rock Road on South Mountain in Allentown, where WFMZ-TV's transmitter is. Here's how the general form of a fast formula function looks like: NAME-OF-FUNCTION. . Manage a support team that performs most of the day-to-day work. Organizations now leverage WFM. WFM: Worldsource Financial Management (Canada) WFM: Wide Frequency Modulated: WFM: Well Founded Model: WFM: Wings of Faith Ministries (Conley, GA) WFM: White Frequency Modulation (ANSI) WFM: Words Fail Me: WFM: Young Women from Minorities (Sweden) WFM: Workflow Manager: WFM: WAY Fund Managers (UK) WFM: World. WFM includes determining and providing schedules and forecasting, for example. Adherence – The percent of time an agent works on a scheduled task when compared to the total time they are scheduled to work, sometimes called schedule. Scheduling features. state of Colorado, by gold and silver miners and mill workers represented by the Western Federation of Miners (WFM). This mismatch makes it difficult. Workforce management definition. Workforce Management. net. There are four main categories. The larger and more diverse the workforce, the more laborious and difficult this process becomes. WFM. CXone is a cloud native, unified suite of applications designed to help a company holistically run its contact (or call) center operations. Real-time analysts are the gatekeepers of the operation. instances have as much as 12. Therefore, guidelines and EHR reuse the same information structure in the USAM. And, as the very definition suggests, the. WFM is Internet slang for 'Works for me'. WFM is a prestigious title to get. Scheduled Shift. Abbreviation to define. At its core, workforce management comprises all the activities and processes needed to manage and maintain a productive workforce – from budgeting, scheduling, and forecasting to tracking employee time and complying with regulations. WFM or the "Successor"). WFM tends to focus very specifically on the forecasting and scheduling. 4. Here are just some of the features of WFM software: Saves money by streamlining. 6. Workplace acronyms, from WFH to WIIFM, are all the rage but can get confusing. At its core, workforce management comprises all the activities and processes needed to manage and maintain a productive workforce – from budgeting, scheduling, and forecasting to tracking employee time and complying with regulations. Each time series has a specific role and meaning and is processed differently on WFM. different for different services. Workforce management (WFM) is an institutional process that maximizes performance levels and competency for an organization. Workforce management (WFM) is the process of forecasting, scheduling, and managing employee adherence/conformance to optimize workforce productivity. Note: Must hold a Blue Yonder enterprise license in order to use the application. . The opposite of OOC is BIC ( back in character ). showing only Slang/Internet Slang definitions (show all 30 definitions). Planning is the task of scheduling the team members so that the work gets completed on time. Licensure and subsequent access encompass your entire organization based on the primary contract. Baby, you can't get enough of me. Demand for new solutions. In short, workforce management is all about figuring out how to meet customer demand, without over- or under-burdening agents. Workforce management is the strategic practice of overseeing an organization's human resources to accomplish its objectives. A workforce manager has a wide array of responsibilities under his/her hood, and is usually categorized under these 3 major categories. ’ Toronto R&B phenom Realestk has been racking up millions of streams with “WFM,” a dreamy ballad he released last month. improvements in technology (better filters, more stable/accurate. I am using "HDSDR" software to demodulate a WFM broadcast ("Classic FM" in the UK, on 100. Workforce scheduling is defined as the process of establishing the schedules of hourly workers to meet the current and future demands in a. Note: We have 69 other definitions for WFM in our Acronym Attic. At its core, workforce management comprises all the activities and processes needed to manage and maintain a productive workforce – from budgeting, scheduling, and forecasting to tracking employee time and complying with regulations. This standard is an internationally used operations management system for handling customer contacts. The WFM team has the ability to do sensitivity analysis on the various service level objectives, and can inform the business of the expected occupancy at a given service level. Meaning; WFM: Workforce Management: WFM: Whole Foods Market: WFM: Wholesale Fish Market (Hong Kong) WFM: Work from Home: WFM: Western Federation of Miners (radical labor union in 1890s-1900s) WFM: Worldsource Financial Management (Canada) WFM: WAY Fund Managers (UK) WFM: West Fraser Mills (various locations) WFM, scheduling shifts and time management. There are only 895 players who are able to become WFM in a chess career. I wait for you to wait for me tonight. List your employees and hours worked: A company has a headcount of four. Suggest now. Some of the most commonly used measures to reduce idle time are as follows: Clear definition of idle time activities: While data collection is a critical part of identifying idle time, it’s more important to clearly define which activities fall under the purview of idle time. Workforce Management Deployment Lead Resume Examples & Samples. The WFM pinch-off in low pVt device has different WFM recess depth from low nVt device which has thinnest WFM stack. 43. Benefits of having a WFM title WFM is a part of the whole. Microscopy. This could mean increasing the number of employees to match growth forecasts or pivoting to a different business model and finding the staff you need to accomplish this. A workforce management (WFM) solution is a software solution that helps organizations streamline and automate the processes that manage workers’ time, organize and deploy their labor force efficiently, enable employee and manager self-service, and ensure employee safety. The goal of WFM software is to gain visibility. It leverages tools for HR, talent, payroll, and time in one solution. I. 1. Meaning; WFM: Workforce Management: WFM: Wait for Me (chat) WfM: Wired For Management (Intel) WFM: Waveform Monitor: WFM: White Frequency Modulation (ANSI) WFM: Workflow Manager: WFM: Wire Frame Model (computer graphics) showing only Information Technology definitions (show all 30 definitions)The mean (or average) of a series of numbers of length n is defined as the sum of the numbers in the series divided by n. The ball check valve is placed on a water line. Workforce. S. monday. The Classifier’s Handbook TS-107 August 1991 . With WFM software, employees get independent access to their job information, payment information, time off and more. 5. Workforce management (WFM) software is a suite of tools that helps ensure employees are in the right place, at the right time for maximum productivity. Teaching Agents and Supervisors about WFM. Learn how WFM can improve productivity, safety, cost, and engagement of your workforce. It includes all the activities needed to maintain a productive workforce, such as field service management, human resource management, performance and training. Regularly collecting data and stats related to performance. What Does WFM Mean? WFM means "Works for Me. Axsium Group explains the importance of identifying different workload drivers (static, volume & calculated) to help produce more accurate labor standards. Dive into Teleopti WFM features. WFM software is an important part of your call center operation, by contributing to the satisfaction of your customers and agents alike. WFM is also eligible to get free entry in some tournaments and they are also able to play a few strong tournaments due to their title. Similar titles are awarded by the International Correspondence Chess. Tickets: Customer contacts that come in and need to be answered by agents. 3. Definition of workforce management (WFM) To fully appreciate the nature of a WFM supervisor’s responsibilities, it is crucial to be grounded in the basics of WFM. Workforce management definition. WFM is listed in the World's most authoritative dictionary of abbreviations and acronyms. You will normally find all the information you need in your ACD. There are, however, many solutions today that use machine learning to ease the burden of complex analysis and trigger actions on behalf. Looking to calculate MTD, QTD, and YTD? Want to understand what they mean, how they can help manage your business better or predict trends? Read on!A workflow engine is the application that runs digital workflow software. According to the definition, Workforce Management (WFM) is a set of processes meant to maximize the performance levels and competency for an organization. Simply put, shrinkage is anything that keeps agents from being able to perform their main job function… interacting with customers. The WFM supervisor oversees the WFM team and ensures they meet the goals and objectives set by the. Next-gen WFM fornext-gen Contact Centers. After you set up a connection, your frontline workers can seamlessly view and manage their schedules in your WFM system from within Shifts. It is very easy to get a WFM title compared to an FM title. Peter Saunders, associate partner with Wales Fund Managers' WestBridge SME Fund; inset, Guy Davies,. It involves looking at direct and indirect costs, and it’s usually broken into three specific categories: labor, materials and overhead. NFM in the scanner sense is the newer 11kHz-wide FM, which. Related to this is the evolutionary transformation of WFM from time management to activity. What does WFM stand for? WFM abbreviation. WFM meaning is “work for me” that is offering someone to work with you or your organization. If you need to upgrade your labor standards and improve your operational efficiency, start with your driver data. It includes key business functions such as scheduling, performance management, budgeting, and forecasting. In this guide, we will dive into what absenteeism is, common causes, its impact, and we end with 13. For example, if the agent is scheduled to be on the phone. Some WFM tools might refer to this as a published schedule, official schedule. Planned formula =2/20=0. WFM stands for Workforce Management, a software solution that helps organizations streamline and automate the processes of time tracking, scheduling, labor modeling,. What does WFM mean as an abbreviation? 79 popular meanings of WFM abbreviation: 50 Categories. IoT predictive service from IFS enables you to transform your service business and shift from traditional maintenance to lucrative outcome-based contracts. Here are. WFM stands for Waveform Monitor. ; This proposal works well enough for me and I see no reason to try anything else. Adding a further 100 ranking points will qualify a woman for the Woman International Master title, although the same score is enough to gain the open to men and women ‘Candidate Master’ Title. No exchanges for money, goods, or services. Determine the number of hours considered to be. Works Referenced: Cleveland, B. (WFM), quality management (QM), recording and. Companies employ WFM systems on a number of levels (individual, departmental, company-wide) and for a variety of reasons ranging from hiring and scheduling to payroll. Today, most call centers offer omnichannel support over live chat, emails, social media, etc. WFM is a set of integrated processes designed to streamline day-to-day operations and maximise the productivity of your staff. Usability and adaptability are essential to the success of any workforce management system. Overview. Every employee is entitled to receive. Schedule a Consultation With Our Retail Experts Today. 5 KHz), whereas NFM is 2. Benefits of workforce management (WFM) From disconnected solutions to a fragmented end user experience, there are endless benefits to changing the way you are managing your workforce with Microsoft Shifts and workforce management partners. It includes: forecasting staffing levels. One employee works 30 hours a week. CCmath B. Trust is something gained because of consistent delivery of great work. This is the first step into the great. There’s also hints of classic soul in K’s vocal lines and the lush background vocals that accent his verse. Link/Page Citation. Full Time Equivalent (FTE) refers to the unit of measurement equivalent to an individual – worker or student – one unit of a work or school day, applicable in a variety of contexts. Workforce Management (WFM) – The art and science of having the right number of agents available at the right times to service an accurately forecasted volume. for example, generally, Women Grandmaster which is the top title in chess is weaker than International master or equal to Fide Master. human resources. But what does that mean exactly? Simply put: WFM means a holistic way to ensure that your employees are as productive as possible by making sure they always. Our AI-powered technology platform integrates easily with your contact center’s ACD and WFM systems, synchronizing their inputs and offering real-time, proactive support to frontline agents. See moreWorkforce management (WFM) is a set of techniques designed to allocate resources, improve efficiency, forecast workloads and manage schedules. In. WFM involves effectively forecasting labor requirements and creating and managing staff schedules to accomplish a particular task on a day-to-day and hour-to-hour basis. Imparting effective training to existing and new employees. Workforce management, or WFM, is actually quite simple. WFM. ERP integrates digital information that's created in one area of a business with data from other areas of the same business in real time. Work from home gives flexible working hours to the employee as well as the job for the employer is done with ease. What is Reimbursement. A tiering exception should be requested to obtain a non-preferred drug at the lower cost-sharing terms applicable to drugs in a preferred tier. WFH is the usual acronym for working from home, as you'd expect. The benefits you provide are about more than your workplace. What does WFM mean in chess? WFM means Women Fide Master. FTE (full-time equivalent) and headcount are both methods used to count members within an organization. The WFM team constantly monitors real-time call data to ensure everything goes as per the schedule and there are enough agents to meet customer demand. LOL – Laugh Out Loud. Developed as a proof-of-concept for Jeturk Heavy Machinery's 5th generation of mobile suits, the Darilbalde was produced prioritizing adaptation of next-gen military drone technology to a mobile suit,. Suletta is the first female main protagonist in a Gundam television anime series. Laying out a blueprint of. Then there’s the internet slang/SMS texting abbreviation of “WFM,” which means “works for me. Benefits that Matter When you care for our customers, we care. com! 'Workforce Management' is one option -- get in to view more @ The Web's largest and most authoritative acronyms and. What does WFM mean? WFM (Workforce Management) is a strategy for increasing an organization’s quality and improving worker productivity. Here are some key workforce management metrics that companies can track and may tie to certain KPIs: Productivity Metrics. Payslip Template. g, an office. WFM – Works for Me. Step 4: Calculation of the FTE per year. . To define PIP, a performance improvement plan helps facilitate a productive conversation between an employee and their supervisor, setting up a structured approach to helping an employee improve their work results. With this data, the employer can start hiring the staff they need for those available vacancies. That invisibility is the hallmark of a good interaction model. Microscopy. What is workforce management? Workforce management (WFM) is the process of achieving operational efficiency in your contact center by ensuring that it’s always staffed adequately. the act or process of shrinking; the loss in weight of livestock during shipment and in the process of preparing the meat for consumption… See the full definition.