Cost Assumptions

When completing your workforce plan cost assumptions may be added to calculate the workforce demand cost and to estimate budgets for position planning

When adding a cost assumption the baseline cost may be calculated from position data or manually input

This baseline cost can then be set to change over lifetime of your plan based on either manual input or percentage change compared to the previous period

The cost assumptions screen allows the addition of either:

• A. Internal costs
• B. External workforce costs

Add Cost Component

The process for adding either of these options follows the same steps once the required selection is made

1. Select the + Add new cost component to open the enter screen
2. Enter cost component name
3. Enter optional cost description
4. Select if cost component is dependant on another cost in your data
5. Define what will be used for the initial cost data
6. Define how the change in costs over time will be entered
7. Select the Create cost component button

Input Cost Component Values

With the cost component created it will then appear on the relevant cost assumptions screen (internal or external) ready for input of cost changes

To input the cost detail:

1. Select the required cost component to open the input table screen
2. Initial costs, calculated from baseline will be displayed if this option was selected
3. Initial costs may be adjusted using the override column if needed
4. Input cost changes for the required planning periods in the format selected in the creation process (percentage change or absolute cost)
5. Any planned reductions in costs should be entered as negative values
6. The Toolbox options may be used to copy and paste table values
7. Select Save to store the entered values