Workforce planning software is used by companies to plan and budget for current and future headcount across their organization. Human resource (HR), finance, and talent teams use these products to forecast current and future staffing issues by aligning expectations between department leadership on issues like baseline headcount, hiring workflows and approvals, and compensation bands. Workforce planning platforms provide a coherent overview of a business by merging and organizing employee life cycles into a single perspective.
Workforce planning solutions are commonly implemented in HR teams involved in recruitment and payroll but also have applications with finance teams. Workforce planning software frequently integrates with similar and complementary solutions like applicant tracking systems, workforce management, corporate performance management, HR analytics, accounting, org chart, and onboarding software.
To qualify for inclusion in the Workforce Planning category, a product must:
Perform headcount and expense planning for any level in a business, departmental or international
Track and manage compensation bands of employees within industry standards
Automate workflows and approval procedures involved in employee hiring and separation
Automate reconciliation of any discrepancies between separate databases
Perform analyses and generate reports of workforce data
Integrate with applicant tracking systems, corporate performance management software, and HR analytics software
