Transcript Hyperion HCP Human Capital Planning

Hyperion HCP
Human Capital Planning
Budget FY2015
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Agenda
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What is HCP?
Structure of the Hyperion application
Why position budgeting?
The HCP highlights or key concepts
HCP next steps
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What is HCP?
 Human Capital Planning is an integrated detailed budgeting
and planning application for employee and position
compensation.
 Data pulled by Finance department and not HR home
department.
 What are the goals of implementing HCP:
 Provide the ability to budget by position.
 Deliver management information for strategic and tactical
analysis, such as budget variance reporting.
 Provide value to the end-users doing the work . This includes
trending analysis, and the ability to line up HR data with Budget
and Actuals.
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Why Position Budgeting?
 70% of expenditures is in employee compensation, but
the University does not have sufficient planning and
analysis tools to budget and manage those expenditures.
 Collect and provide information by position sufficient to
manage personnel costs.
 To know who was paid, but not budgeted.
 To know who was budgeted, but not paid.
It is not intended to budget to the penny!
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Why HCP?
 Reduce the disparate planning processes (e.g. Access
database, excel spreadsheets, etc.) in use today by using a
standardized budget system populated with production
data resulting in a significant reduction in data entry or
dual data entry throughout the budget planning process.
 Provide flexible, management level reporting with multiyear trend analysis.
 Provide flexibility for “what if” analysis and other planning
activities while reducing reliance on side systems.
 Provide ability to plan for continuing general revenue
budget and self-generated funds.
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Hyperion Applications
Hyperion is comprised of 3 separate applications:
FIN
HCP
LRP (Long-Range Planning; used on MU Campus)
The implementation of the Hyperion software
suite is a part of the COMPASS program.
Hyperion HCP is part of the Hyperion Planning
application.
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Data Flow for Human Capital Planning
Budget Development
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What are the sources
of HCP data?
 Seeded data in HCP come from the Job Earnings
Distribution (JED) data on a specific date.
 JED is used in Human Resources processing to indicate how
someone will be paid, and provides a starting point for
budgeting.
 Selecting the best date for seeding is a bit of an art. Seed too
early, and you miss key data. Seed to late and you shorten your
planning window.
 Changes after JED date that impact budget will have
to be manually entered.
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HCP Highlights and
Key Concepts
Prepare budget by detailed positions.
Details of salary and benefits in HCP are
summarized and pushed back into FIN.
Benefits are calculated for you using the flat rate
FICA caps have been taken into consideration
Additional Earnings
Pooled positions have been created to speed
budget and give more flexibility for your
department
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HCP Highlights or
Key Concepts
11 Pooled positions will be pre-loaded as “vacant”
for all departments.
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Adjunct Temp Faculty Pool
Call Pay Pool
Event Staff Pool
GTA/GRA Pool
Overtime Pool
Part Time Pool
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Salary Reserve Pool
Shift Differential Pool
Student Employees Pool
Summer Pay Pool
Other Academic Non-Faculty
Pool
Future plans for HCP
HCP may feed HR data in the future, but that isn’t
part of the functionality at this time.
When fully implemented, HCP may tie in with the
ASIA process.
HCP data will provide data for strategic,
management and tactical reporting for analysis on
all campuses.
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What’s next?
The first step for HCP Go-Live is training.
Expect emails and information about:
Computer lab training sessions.
What data, reports and other information about your
department to bring to training.
Sign on information prior to training to verify your
security access.
Open lab times with help from your campus budget
office to complete your budget planning processes.
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Any Questions?
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