Manpower Planning and Budgeting
Planning your Manpower and budgeting their expenses is a very critical activity for any growing organization. Evosys Manpower Planning and Budgeting Solution , based on Oracle Core HCM
Enables you to manage and plan personnel costs efficiently. you can create and approve budgets that help you:
• Manage expenditures on HRMS entities
• Adjust forecasts
• Plan for future costs
You set up your budget based on your organizational culture and business
requirements. For commercial enterprises, the fiscal budget is typically based on
company revenues, and can change during the fiscal year. For public sector enterprises,
such as city governments and educational institutions, budgets must comply with
legislation-mandated funding requirements.
You can correct your budget as funding or expenditures change. You can create a new
version of a budget based on an existing version at any time. You can enter budgets
directly into the database, or route budget worksheets for approval online. You can
monitor money, FTE, headcount, and hours (up to three in a single budget). You can
enter fixed amounts for each line item, or calculate the value of each entry as a
percentage of the total allocation.
