Robust Workforce Planning with Planning Maestro Budgeting Software

One of the largest expenses for every business is people.  Yet many companies have trouble accurately planning and tracking the costs associated with all of their employees,  i.e., contract workers, part-time and seasonal AND all of their salary-related costs.   Most formula-based tools estimate the expenses with percentages over the months.  However taxes, like FICA and FUTA, have caps.   Healthcare expenses are flat charges not percentages and often have a delayed start.  New hires don't always start in the beginning of the month.  Consequently, you may be over-estimating and over-stating all types of payroll expenses.  Planning Maestro, business performance management software, automates these calculations ensuring your expenses are accurate and precise.

An invaluable Module

Like your HR system, with Planning Maestro's workforce budgeting software, you can budget your payroll expenses based on your work/pay cycle.  This ensures your forecasted expenses match up to your pay cycle.   You can set up your period-based expenses globally and then group them together so that FICA, FUTA etc. is calculated in the same way.   Planning Maestro automatically calculates the taxes in the right month, automatically caps the expenses and calculates the payroll expense down to the day.

This ensures that ALL your payroll expenditures, including all salary-related expenses, for all employees in all periods -is accurately calculated for Cash Flow planning.  

Planning Maestro's workforce planning and budgeting software enables you to:

  • Budget payroll based on your work/pay cycle
  • Forecast payroll by planned hours or a non-financial driver, i.e billable hours
  • Budget payroll and benefits expenses down to the employee-level, if required
  • Automatically calculate FICA, SUTA, FUTA and payroll taxes by individual state and country whether on a calendar or non-calendar fiscal year
  • Plan expenses for overtime, premium time and shift differential
  • Budget by employee or groups of employees
  • Easily allocate payroll costs to various areas of your operation
  • Generate Headcount reports
  • Forecast salary-related expenses (SRE) based on employee groups or by full-time equivalents

 
 
 

 Planning Maestro Brochure