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How to Overcome the Challenges of Workforce Planning

One of the most pressing challenges that businesses face is compensation and headcount planning, aka workforce planning.

A company’s workforce likely accounts for the majority of its expenses – as high as 70 or 80 percent in some cases. This is a massive part of the budget, affecting every line of the P&L and balance sheet. Get it wrong and the impact ripples through your financial statements.

And it’s complex. New hires, attrition, transfers, all mechanisms of staff turnover, are difficult to forecast month to month, quarter to quarter, year to year. That’s one degree of difficulty. Add calcs for state and federal taxes, benefits, merit, bonus and commissions. Layer on top of that variable’s, rates, and drivers for each individual employee based on job code and employee type. The math is too much for standalone spreadsheets and packaged CPM apps.

Try Spreadsheet Automation

Workforce planning is the perfect application for spreadsheet automation. No other technology has the flexibility and scalability to address the mathematical complexities while providing as intuitive and productive an environment for end users as spreadsheet automation.

Imagine you are an end-user. You request the departmental workforce planning model. Click. In an instant you are presented with a personalized view loaded with live employee data in Excel. It’s accurate, employee by employee, to the penny. And the user interface is simple. Employees are pre-populated so all you do is verify and adjust start dates, salaries, bonus rates, and add anticipated new hires. Taxes, benefits, bonuses, merit, recruiting fees are driven automatically based on job code, state, employee type, etc. Review the detail and the departmental bottom line before you submit your changes. Done. Simple. A3 Modeling handles the rest, instantly consolidating your department up to the corporate consolidated P&L and Balance Sheet.

About A3 Solutions and A3 Customers

A3 Solutions is the developer of A3 Modeling, the leading spreadsheet automation platform for web-based Enterprise Budgeting and Corporate Performance Management solutions. More flexible, with a lower total cost of ownership (TCO) than competing products, A3 Modeling is available as SaaS and On-Premise offering that tightly integrate with leading enterprise OLAP and relational database technology from Oracle/Hyperion and Microsoft.

To find out how American Airlines, Avon, Cox Communications, McDonald’s, Safeway, Toyota, Williams Sonoma, Verizon, and other Fortune 1000 enterprises use A3 Modeling to align their organizations, accelerate decision making, and turn strategy into action, visit A3Solutions.com or call 1 (415) 302-0158.

See a Live Demo of A3 Modeling

Fill out the form below to see how A3 supercharges Excel for forecasting, budgeting, multi-entity consolidation and more.

We’ll take you on a tour of A3’s technology, provide real use cases from Fortune 100 and mid-sized companies, and help strategize how you can maximize finance performance.