Workforce Budgeting overview

Workforce Budgeting enables you to you budget and analyze workforce costs at a more detailed level than the main financial model. Budgeting can take place at a position or employee level. Workforce costs include salary expense, costs that are calculated based on other expenses, and costs that are independent of salary expense. Summarized details of workforce expenses are mapped to CPM financial accounts.

You can add, transfer, and delete positions and employees; assign bonuses or increases in salary or hourly pay; change hours; and allot overtime.

Workforce Budgeting supports allocating employee costs across multiple dimensions (project-based planning). It also supports salary schedules which are commonly referred to as step and grade.

Workforce Budgeting uses a single primary dimension, typically the Unit dimension, the Version dimension, and, optionally, up to three additional allocation dimensions, such as the Product dimension, for recognizing costs. It also supports step & grade pay schedules often defined by contracts. Workforce Budgeting consists of multiple pages:

• Administration pages
• Data entry pages
• Reporting pages

The Workforce Budgeting Administration pages enable you to establish the basic parameters of the Workforce Budgeting system, manage the loading of the initial data from the source HR system, and calculate the initial workforce budget data.

Workforce Budgeting is used by the individual budgeter who is a single primary dimension member head or have control over multiple primary dimension members. The budgeter can review and edit budgets, if allowed, and review reports.

Although we mention specific dimension and member names throughout the documentation, you can use any name you want. For example, we refer to the Schedule dimension but you could name this the Account dimension.