Five Questions for Paul Hamerman on Financial and Workforce Planning
Date published
April 27, 2018
Company
Workday
Paul Hamerman is vice president, principal analyst at Forrester, where he focuses on human resources management and financial applications, as well as trends and directions in the overall market for enterprise applications. Hamerman answers five key questions that we believe organisations should consider when exploring workforce and financial planning approaches in today’s business world.
How are organisations using workforce planning to grow and succeed in today’s economy? There are several established use cases for workforce planning and modelling capabilities. As one example, organisations frequently use workforce planning to forecast or budget headcount and related costs. This is typically a detailed model at the employee level that plans for the salary, contingent labour, bonus, equity, benefits, and related costs for technology and office space. This planning model generally needs to feed into or integrate with the financial planning and budgeting processes.
