Relying on spreadsheets and outdated planning platforms can leave you unable to adapt to the dynamic nature of your business. Plus, you’ll have a workforce plan that’s out of sync with finance and corporate plans. That’s why we built Workday Adaptive Planning for the workforce. Now you can model your optimal workforce, plan for any scenario, standardise plans across business units, and collaborate to develop workforce plans that integrate with your corporate plan.
Our finance team starts the process alongside our HR team, which supplies us with critical information on our entire workforce. Our workforce plan, integrated with our budget, revenue forecasts, and corporate financial plan, helps us determine where to expand next and when, how to staff new locations, what practice areas to grow, and more.
Andrew Brett, Financial Planning and Reporting Manager, Pinsent Masons
Your workforce is probably your largest expense—and the piece of your organisation that’s hardest to align with your business goals. With strategic workforce planning now part of Workday Adaptive Planning, you can plan with virtually no limits on how you view or model workforce data.
Aligning personnel to business strategies is easy with Workday Adaptive Planning. Model skills by location, ramp time, cost of workforce, and more. Then compare multiple what-if scenarios to pinpoint the optimal organisational structure that places the right people in the right role at the right time.
We recognise that in business, everybody plans. So we make it easy for you to engage finance, HR, and hiring managers in planning for new hires, promotions, merit increases, and more. Deploy self-service tools so managers can map hiring strategies with their business plans, while giving HR and finance visibility into current and future expenses.
With spreadsheets and legacy systems, trying to keep track of which managers have reviewed and approved forecasts and budgets can be a headache. Workday Adaptive Planning for the workforce solves this with a built-in workflow so HR and finance professionals can always know where reviews stand, and what's been submitted and approved.
Does your current solution allow you to quickly identify opportunities that align with workforce changes in your business? Well, ours does. Use our intuitive dashboards and reporting to monitor and analyse costs, see unfilled positions, and break down the distribution and composition of your workforce.
Workforce planning should be an integral part of your corporate planning environment. With Workday Adaptive Planning, you can automatically feed data from multiple sources including HCM, CRM, GL, and ERP systems so you can plan headcount, salary, bonus, payroll tax, and hours using actuals from your business. That integration helps you reduce your risk of error and free up time to focus on workforce strategy. Best of all, you can deploy Workday Adaptive Planning for the workforce quickly, and without help from IT.
The sheets functionality in Workday Adaptive Planning allowed us to build a separate revenue model for each business unit but yet one standard workforce model that served all units.
Erin Riesmeyer, Financial Analysis Director, Maritz