In this article, Gareth Jones from PARIS Technologies discusses the challenges faced by companies when managing their payroll and workforce planning.
Payroll planning is crucial for businesses, but it is often difficult to optimize due to the limitations of conventional tools like Excel. Two key concepts in payroll planning are head count and full-time equivalent (FTE), which form the foundation of accurate calculations.
OLAP tools like PowerExcel allow workforce planners to model different scenarios for individual employees, improving forecast accuracy. For example, a convenient list view for bulk adjustments and the ability to generate detailed reports for each department and region. Revolutionizing your workforce and payroll planning can unlock opportunities for businesses.
Read the full article on PARIS Tech.com