Labor Budgeting
Accurate budgeting that’s aligned with your operating labor model
Enable finance and planning teams to easily create and enforce labor budgets – using accurate, long-term forecasts powered by machine learning and incorporating labor models, wage rates, and other rules used for executing weekly schedules.
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Highlights
Key Features
- Increase long-range labor budget accuracy by creating budget plans based on accurate, granular demand forecasts powered by machine learning and rooted by optimized labor plans used in the weekly schedule.
- Location-hierarchy-based access allows the option of bottom-up input and visibility. For example, you can allow districts to enter their operating hours, create and submit their budget scenarios.
- Model what-if scenarios by explicitly adjusting the inputs, such as sales, traffic, channel mix, location variables, and/or directly adjusting the total budget hours.
- Option to automatically apply labor budget constraints to the automatically generated weekly schedule.
Create Long-Range Labor Budgets
- Budget planners can create labor budgets centrally at HQ or bottom-up from the field level, leverage machine learning-powered forecasts and existing date-effective configurations
- Specify budget plan duration: max 12 month planning period, up to 18 months in advance.
- Review and update inputs to create a top-down budget for all locations or review roll-up of bottom-up budgets when each region or district submits its budget for review.
Manage Budget Inputs and Outputs
- Easily edit the inputs to model various budget scenarios
- Option to use Legion forecasted demand or externally loaded demand
- Apply the same labor models as in weekly schedules
- Export the budget output labor hours to review, approve, and set budget in effect
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See how Legion WFM can help you optimize labor efficiency and enhance the employee experience simultaneously.
