Workforce Planning
Align resource demands with team goals by leveraging bottom-up workforce planning.
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Budgeting your biggest operating expense from the bottom-up improves forecast accuracy throughout the year and simplifies future variance analysis. It aligns workforce strategies with broader business goals, such as expansion or cost containment, while providing granular visibility into workforce costs, including salaries, benefits, and taxes.
Easily create your workforce plan from the employee level and use out-of-the-box calculations for salary, wages, taxes, anniversary increase, and more. Employee-specific attributes can drive allocations and outputs like benefit costs and specific bonus percentages.
A bottom-up approach that involves various stakeholders across your organization, helps uncover emerging needs and evolving resource requirements more effectively than other planning methods. Prophix One, a Financial Performance Platform, provides a detailed view of employee costs, allowing you to break down expenses by role, department, or project. This level of granularity supports realistic budget allocation and minimizes the risk of unexpected costs, thanks to cross-collaboration that allows for input on actual operational needs.
Sticking with the status quo of managing workforce budgets in spreadsheets runs you the risk of overlooking hiring gaps, turnover hotspots, and underutilized staff. With Prophix One, you can create a workforce budget quickly and collaboratively, with confidence that you’re controlling costs for the year or years ahead.
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