LABOR BUDGETING

A True Bottoms Up Budget

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

Accurate labor cost rooted in your labor model and takes into account all labor policies and rules.
The final labor 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 labor model required to run the locations or stores with labor budgets.

Precisely define labor 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 labor budgets that connect your staffing model with the stores’ labor models.

Accommodate unique and complex standards and granular labor 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-optimized “best bet” labor decisions that balance costs and revenue impacts.

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

Improve labor 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 labor models.

Manage budget adjustment and track budget approval.

Legion Wfm Schedule Overview Budget Variance

The Benefits to Your Bottom Line

Legion Labor Budgeting leverages sophisticated AI to generate precise labor 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 optimized labor plans

Improve Labor 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 Labor Budgeting

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

Would Legion Labor Budgeting replace my ERP financial planning system?

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

Can long-range budgets be created?

Why should demand forecasting and labor budgeting be closely aligned?

Closely aligning retail labor budgeting and demand forecasting is essential to optimize 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 optimization.

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Why Legion?

Legion Labor Budgeting brings finance and operations together by providing an end-to-end process within a single platform that seamlessly fits your existing budget process. Labor Budgeting enables bottom-up or top-down collaboration when creating budgets by stores for the entire year. Once the labor budget is finalized, 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.

Brandon Hall Group Technology Excellence Award Gold 2024

Inc. 5000 America's Fastest Growing Private Companies

Ready for a Demo?

Request a demo to see Legion Labor Budgeting in action and learn more about how we can help you create optimized labor budgets.

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Learn More About Labor Budgeting

Solution Brief

Labor Budgeting Solution Brief

With Legion Labor Budgeting you can create optimized labor budgets based on accurate long-term demand forecasts that use machine learning as well as operating hours, labor models, wage rates, compliance requirements, and company-specific policies. Legion enables bottoms-up or top-down collaboration when creating a budget, so it fits the existing budget processes of a business.

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Datasheet

Labor Budgeting Datasheet

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Achieve New Levels of Accuracy with Legion Demand Forecasting

Get insights about demand forecasting approaches and best practices. See how we measure and report the accuracy of our demand forecasts.

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