Future cost planning is an essential element of every successful company. Budget drafts at all levels of the company are necessary to be well prepared for the coming periods and to be alerted in time if planning is too far removed from reality.
SAP HR Cost Planning allows you to manage your personnel costs and simulate these for future months. It takes into account various factors, including the planned compensation for planned items, past and simulated payroll results (incl. tax or social security costs), but also planned pay scale reclassifications.
You therefore have constant access to an extensive overview of the actual situation in your company, and can compare this with various fictitious scenarios. This enables you to quantify optimization potential and prepare in advance for company restructuring and the accompanying cost changes this will bring about, as well as make appropriate decisions.
The results of HR Cost Planning can be transferred into other important SAP modules, such as Financial Accounting, Controlling and the SAP Business Warehouse.
For easy implementation of SAP HR Cost Planning, we at HCM ADVICE have created a template, allowing us to implement efficient HR cost planning with a web-based planning interface in your company.
As a cloud-based alternative to HR Cost Planning, SAP offers the SAP Analytics Cloud for Planning (SAC for Planning), which can be integrated in your SAP HCM system via standardized interfaces.
If you are interested, please contact us for more information.