Resource Planning
Undoubtedly, Labour costs are one of the largest single components of operating expenditure in most businesses. Consequently it is imperative that they properly managed.
Determining the cost of its workforce is a complex process for a business, consisting of direct employee salaries and wages, plus various 'on-costs' such as overtime, superannuation, payroll tax, annual and long service leave, workers compensation and fringe benefits tax. Each of these on-costs has its own specific set of rules and calculations, many of which can be complicated and apply differently to different categories of employees and different states.
The purpose of the Performa labour budget model is to calculate an annual labour cost (and FTE) budget by employee, to accurately determine the labour budget requirement and to enable monitoring of actual expenditure each month at a detailed level.
- Electronically capture data for planning employee costs (both direct and indirect) including commentaries and descriptions
- Provide automated workflow/routing management so that users are emailed advising the next action
- Ability to model labour costing to productive activities (e.g. to capital projects)
- Fully integrated approach facilitating updating of relevant Analysis model and version
- Feed results into other models, including Capex Planning
- Numbers amended as plan progresses
- Templates to calculate formulas (e.g. Payroll Tax, WorkerCover)
Run what-if scenario analysis (e.g. if an on-cost percentage is changed, what is the impact on the operating statement?)
- Provide audit trail and status reports so that users can easily identify the progress of the approval route
- Search facilities (e.g. by Manager, by Project, by Type, by Division)
- Feeds planned numbers back to your ERP System.
|
