People Cost Forecasting

[mark_godfrey]

In today's world decision makers are not able to take corrective actions on people cost due to unavailability of detailed cost analysis and drivers causing the costs. People Cost Forecasting model helps in reducing forecasting error and controlling costs by pushing the right levers.The bottom’s up forecasting model based on pattern ,history and external factors like Inflation etc enable multiple simulations and what-if scenarios.This model also analyzes the impact of new additions and attrition during the forecasting cycle.

You can view the Total Budget of all the countries with their headcount, Base pay, Merit Input % and the changes on budget due to the factors show in the table.

It will give the impact of Merit increase and enable the what - if analysis.

Forecast data by region and business unit.

Pie chart showing forecast data by different department and BU.

Addition and attrition analysis by each region and BU. This will help in analysis of impact of attrition and additions.

Headcount numbers and Budget amount in dashboard.

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Features

Bottom up people cost by division by country

• The model helps in calculating people cost based on each employee. The employee cost forecast based on high level assumptions creates variance, which are difficult to explain. Bottom up model helps in analyzing variances and taking corrective actions.

Merit hikes and impact

• Model helps in calculating impact of salary hike in each geography and its overall impact. This will also help in various what – if scenario to understand the impact of salary hikes.

RSU exercise and tax impact

• Employee tax cost gets impacted by exercising of RSU by employee. The model calculated the employee tax liability based on date of exercising RSU to avoid major variations against forecast.

Calculation of Employee tax based each country tax rates

• The model has built in taxonomy for many countries and it will calculate the employee tax impact.

FTE addition and attrition estimates

• Model helps in calculating the impact of FTE addition and attrition based cost for the business unit and geography.

Employee benefit cost calculation

• Model calculates employee benefit cost based on patterns and help in analyzing impact and identifying the levers to reduce the cost.

Flexible

• Model is highly flexible as users can change the model quickly based on business requirements.

Secure

• Model provides high level security for confidential data to be accessed only by approved users.

Integrated

• Model has integrated capabilities to connect to ICM and P&L modules.

Information

Size

136 MB

Language

English

Terms & Conditions

App stats

Modules

21

Roles

4

Formulas

110

Reports

5

Complexity

Advanced

Wipro

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 160,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.

Website

http://www.wipro.com

Address

Wipro

425 National Avenue, Suite 200

Mountain View, CA 94043

United States

(650) 316 3555

Email

anaplan@wipro.com