As a company’s greatest asset, people are often also the largest expense and proportion of operating cost.
Unlike machinery and other tangible assets that have a finite financial value, the value and status of individuals is more difficult to evaluate. Individuals have a will of their own, complicating the ability to plan in terms of risk, cost, skill based placement and more.
Smarter workforce planning
in just four weeks
For many in the field of HR, the challenge is balancing employee needs while complying with financial constraints and demands.
Changes in legislation, union and labor laws can have a significant impact on costs but are difficult to assess, HR must make a trade off between meeting budget deadlines and managing accurate calculations. Resource utilization targets are often misstated and with little insight into the budgeted versus actual scenario of the workforce, HR and Finance are left with their hands tied.
By collecting and analyzing more information about the workforce, companies are better suited to make informed decisions and strengthen humanapital management to drive performance improvements. With HR WORKFORCE PLANNING, an Oracle based solution that enables smarter resource utilization and planning, organizations are able to:
MINIMIZE TURNOVER by identifying high-risk scenario and allowing HR to engage with employees before its too late
Gain quick and accurate estimations of the local or global financial impact of LABOR COST CHANGES
Perform JOB ROTATION SIMULATIONS to understand if workforce skills are optimized for their specific roles in the organization
ACCURATELY ESTIMATE IMPACT OF MERGER & ACQUISITION (M&A) scenarios on the workforce in terms of cost
MANAGE employee status, transfers, expat management and labor cost planning across the enterprise
EFFECTIVELY MONITOR HR KPI metrics
Built on Oracle Hyperion Planning technology, Techedge HR Workforce Planning enables your business to manage its greatest asset more efficiently.
This solution is available on-premise or on Oracle cloud in as little as four weeks.
Find out more by connecting with us today!