Workforce Planning and Budgeting

Oracle Workforce Planning Cloud translates long-term corporate strategy into execution plans by ensuring that the strategy is supported by the right workforce—the right skill sets and headcount at the right time.

By enabling workforce planning and all its features, planners can manage and track headcount expenses:

• Analyze, calculate, and report on headcount, salary, bonuses, taxes, and health care expenses
• Plan for hires, transfers, promotions, terminations, and so on
• Define country-appropriate taxes and benefits

Successful organizations are transforming their business and embracing the benefits of a flexible, modern EPM solution.

How to effectively  Manage Compensation, Headcount and Merit Planning?

Facing greater market volatility, a fast-changing business environment, and a constant push from senior management to improve the planning process. The workforce planning solutions from Oracle EPM is a holistic solution. It consists of compensation, headcount, succession, talent or hiring planning. Oracle EPM Workforce Planning has the answer to your questions.

Compensation Planning

With drivers and assumptions, compensation planning can be highly agile and fit into dynamic market situations. Users have options to simulate various scenarios for salary, additional earnings, benefits, and taxes. The system provides the option to configure workforce planning either at Employee and Job level. This becomes the baseline for compensation calculation.

Workforce Planning Based on Assumption

Classic workforce budget process is very time consuming and eats up senior financial manager’s time with low-value activities. Driver based planning is contradicted to conventional planning by associating drivers and assumptions. By tuning drivers, users can simulate multiple scenarios and identify the best possible match.

In Oracle Workforce Planning, users can assumption “General” required during compensation calculation. Similarly, salary grades can be associated with rates and salary bases (Annual, Monthly or hourly) or employee Merit Rates.

Workforce Planning Drivers

Oracle Workforce Planning enables users to configure Salary with grades, Additional Earnings, Benefits and Taxes. The total compensation of the workforce is calculated around these 04 pillars. Job is mapped to Grade, which in turn map to Salary defaults.

FTE and Headcount Analysis

Workforce planning lets you manage your headcount within budget while still having the employee resources to meet your organization’s strategic goals for growth and overall success. It is a crucial component to any organization to track budget expenses across different departments, job role and years.

Workforce Planning with Demographics

Demographic data is helpful with respect to HR planning and, more specifically, succession planning. These KPIs metrics track measurements to determine the value and effectiveness of HR strategies.

Linking Demographics with Workforce Expenses

Linking employee demographics with expenses helps to track expenses by Gender, Age Band, Education Level and Skillset. These metrics are future used during mid-year or ad hoc budgeting process. Alerts can be rendered when the budget exceeds the defined limits and notify the respective owners.

Other Key Features

Track employee assignments across Projects. Review FTE requirements by projects. Track most granular employee expenses by projects by time period.

Direct data input to non-compensation expenses i.e training or recruitment expenses. Their expenses can be further classified by projects and individual employees.

Bar chart provides a vivid comparison of compensation expenses and non-compensation expenses.

We are a team of Oracle EPM cloud and on Premise experts. We know the best practices and methodologies required to implement Workforce Planning. Our 10+ years of experienced technical and functional consultants, successfully delivered implementation projects for banking, retail, manufacturing, and education clients.

You can book an appointment to speak with an EPM Expert here.