Introduction

Workforce Budgeting Workforce Budgeting

Workforce Budgeting

Reduce planning, budgeting, and forecasting cycles by weeks or months

Assess the real-time impact of salaries and workforce expenses

OASYS Workforce Budgeting is a select purpose planning module that makes headcount, salary, and compensation planning efficient across the enterprise. Designed with pre-built functionality and out-of-the-box best practices, it simplifies the planning of workforce and workforce related expenses, such as bonuses, fringe benefits, overtime payments, and merit increases. Additionally, it automatically and seamlessly links workforce benefit plans into OASYS Workforce Budgeting, allowing organisations to accurately assess, in real-time, the business impact of workforce decisions on overall benefit plans

Features and business benefits of Workforce Budgeting system

Enterprise wide planning and budgeting

Collaboration and Alignment

Facilitate both enterprise level planning process by leveraging web-based Excel-like modeling, planning and approval capabilities within one collaborative scalable solution.

Collaboration and Alignment

Integration with ERP sources

Align internal and inter-company processes to reduce confusion and increase consistency with workflow management software.

Integration with ERP sources

Flexible workflow capabilities

Transparency means that everyone can see if things are moving as planned, or identify and action bottlenecks before they create significant delays.

Flexible workflow capabilities
Robust modeling with “What if” analysis

Supply and demand forecasting

Project the size and shape of the future workforce required to execute on business strategy. Conduct detailed demand modeling, internal supply forecasting, and gap analysis for skills across critical job roles.

Supply and demand forecasting

Strategic analysis

Analyze business issues, drivers and environmental factors and decide future state and scenarios. Capture planning assumptions and identify critical job roles and capabilities.

Strategic analysis

Strategy, impact and cost modeling

Perform “what if” modeling to quantify the outcome of various workforce scenarios, comparing the true business impact of employee hiring, development, and retention decisions

Strategy, impact and cost modeling
Built for business execution

Make informed decisions

Formulate your strategy with greater confidence by knowing your forecasts are based on credible workforce data from across your business systems.

Make informed decisions

Mitigate risks

Identify the skills and competencies needed to meet your growth strategy, and address gaps and associated risks surfaced by workforce projections.

Mitigate risks

Optimize your results

Dynamically model different workforce scenarios and understand their financial implications – in real time – with robust “what-if?” financial modeling.

Optimize your results