Position Planning
Undoubtedly, Labour costs are one of the largest single components of operating expenditure in most organisations. Consequently it is imperative that they properly managed.
Determining the cost of its workforce is a complex process for an organisation, 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 in different countries and different states.
The purpose of the BIDS Position Planning module is to calculate an annual labour cost (and FTE) budget by position/employee, to accurately determine the labour budget requirement and to enable monitoring of actual expenditure each month at a detailed level
The BIDS Position Planning module provides the following functionality:
- Electronically capture data for planning position/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, programs, etc.)
- 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 on-costs (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
- Feeds planned numbers back to your ERP System
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