labour BUDGETING

A True Bottoms Up Budget

Combine accurate long-term demand forecasts with your detailed labour model and scheduling rules to create precise labour budgets.

Accurate labour cost rooted in your labour model and takes into account all labour policies and rules.
The final labour budget can be set for execution and is automatically enforced in the Legion Automated Scheduling module, ensuring your financial goals are tightly aligned with store execution.

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Highlights

Automatically align the unique differences and needs of stores and the labour model required to run the locations or stores with labour budgets.

Precisely define labour hours that your business needs over the next 12 to 18 months by skill and location

Create dynamic budgets by quickly modeling what-if scenarios or directly adjusting the total budget hours

Get better visibility and more profound insights—track budget to execution, identify gaps, and adjust budgets based on needs

Base budgets on accurate forecasts

Generate precise labour budgets that connect your staffing model with the stores’ labour models.

Accommodate unique and complex standards and granular labour requirements, including multi-level compliance rules, diverse shift patterns, and wage and hour regulations calculations.

Leverage machine learning-powered forecasting and scenario models using Legion forecasted demand or externally loaded demand.

Increase business agility

Automatically model multiple what-if scenarios to create dynamic budgets and identify profit-optimised “best bet” labour decisions that balance costs and revenue impacts.

Create long-range labour budget and execution tracking for annual labour budget planning and ongoing monthly and quarterly reforecasting.

Improve labour budget execution

Automatically enforce the budget in weekly schedule generation.

Ability to adjust budgets and keep financial goals tightly aligned with store execution.

Leverage actual operational labour models.

Manage budget adjustment and track budget approval.

Legion Wfm Schedule Overview Budget Variance

The Benefits to Your Bottom Line

Legion Labour Budgeting leverages sophisticated AI to generate precise labour budgets that form the foundation of your long-range planning.

Increase Operational Efficiencies

Create the perfect budget plans based on accurate, granular demand forecasts powered by machine learning and rooted in optimised labour plans

Improve Labour Budget Execution

by automatically enforcing the budget in weekly schedule generation

Provide Better Visibility and Deeper Insights

by tracking budgets to execution, quickly identifying gaps, and making adjustments

Improve Business Agility

by creating dynamic budgets that can evolve by quickly modeling what-if scenarios or adjusting the total budget hours

FAQs About Labour Budgeting

Here are a few common questions we receive about Labour Budgeting.

Would Legion Labour Budgeting replace my ERP financial planning system?

How can Labour Budgeting help me align my finance and operations departments better?

Can long-range budgets be created?

Why should demand forecasting and labour budgeting be closely aligned?

Closely aligning retail labour budgeting and demand forecasting is essential to optimise costs, enhance customer satisfaction, and improve overall efficiency. It helps retailers allocate staff effectively based on predicted demand, preventing overstaffing or understaffing, which can lead to cost savings. This alignment ensures that employees are available to provide excellent customer service, manage inventory efficiently, and adapt to seasonal fluctuations. It also boosts employee morale by providing consistent work schedules and ultimately contributes to higher profitability through improved resource allocation and operational optimisation.

Portrait of businesswoman using digital tablet at office.

Why Legion?

Legion Labour Budgeting brings finance and operations together by providing an end-to-end process within a single platform that seamlessly fits your existing budget process. Labour Budgeting enables bottom-up or top-down collaboration when creating budgets by stores for the entire year. Once the labour budget is finalised, it can be set for execution and automatically enforced in the Legion Automated Scheduling module, ensuring your financial goals are tightly aligned with store execution.

Ready for a Demo?

Request a demo to see Legion Labour Budgeting in action and learn more about how we can help you create optimised labour budgets.

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Learn More About Labour Budgeting

Solution Brief