HR

Payroll Modelling

Many organisations with large numbers of staff, departments and cost centres are challenged by the problem of how to quantify and model the impact of changes to pay, benefit and cost structures.

Commonly used tools often fail to provide finance and HR functions with the level of flexibility that they need when undertaking this complex planning activity Eclectics solutions provide multi-dimensional capabilities, can handle very large cost-centre / grade / department data volumes, can be integrated with HR and GL systems, and provide user-friendly analytical and modelling capabilities. As a result, organisations can benefit from an enterprise wide solution for financial reporting, multi-dimensional analysis, and financial "what-if" modelling of financial and payroll data.

Benefits

• Long-term forecasting of staff costs across an enterprise.
• Provides comparisons against actuals and historical data.
• Incorporates salaries, NI contributions, allowances, benefits, pensions etc.
• Manages all cost elements whether by post or by person or as a combination of both.
• Enables better planning.
• "What-if" modelling provides maximum flexibility.