Workforce Pro

With this release, we are introducing Workforce Pro, a powerful suite of advanced workforce planning features designed to enhance flexibility, visibility, and efficiency in workforce decision-making. Workforce Pro enables real-time headcount tracking, customizable compensation modeling, and advanced reporting to help finance and HR teams stay aligned and drive strategic workforce initiatives.

Note:

You must contact your Planful Account Manager to enable these features.

Workforce Pro includes the following features:

• Headcount Rollforward Report: Helps track new hires, transfers, and terminations in real-time, ensuring visibility into workforce movements and cost impacts. Align hiring plans with business needs and adjust proactively before changes affect budgets.

• Variance Bridge Analysis: Gain deeper insights into workforce cost drivers by analyzing salary adjustments, merit increases, and promotions. Identify risks and opportunities early to ensure financial alignment.

• Custom Compensation: Define and manage custom workforce compensation items with an Excel-like formula builder. Model pay structures like overtime, commissions, bonuses, and merit increases to fit your business needs. Supports tier-based calculations, such as UK National Insurance and CPP, to accommodate regional tax structures and payroll policies. Flexible attributes enable regional customization and improve workforce cost analysis, ensuring adaptability and better variance insights.

• Actions Menu for Advanced Planning: Plan employee changes more effectively with planning actions such as Promote, Transfer, and Terminate, available directly within the employee profile. These guided actions replace manual workarounds, helping users streamline planning, maintain data consistency, and ensure accurate tracking of workforce movements.

• Advanced Reporting & Analytics: Provides seamless integration with Excel (Spotlight) to generate custom workforce reports and analyze workforce trends at a granular level.

• PfW – Employee Actuals: Import actual workforce compensation data at a granular level for improved variance analysis. This enhances financial reporting by aligning workforce plans with real payroll and HRIS data.