Paylocity, a leader in cloud-based HR and payroll software solutions, has announced the launch of Headcount Planning, a new offering designed to unify Finance, HR, Talent Acquisition, and hiring managers in a more cohesive, data-driven approach to workforce planning. This integrated solution builds on Paylocity’s acquisition of Trace in December 2023, utilizing the Paylocity employee record as a single source of truth for company-wide headcount planning.
Key Features of Headcount Planning
The Headcount Planning solution empowers businesses to proactively map their headcount needs across the organization, manage workflows and approvals from initial forecasting through to the opening of new roles, and access comprehensive reporting to adapt to ever-changing talent needs as employees join, move, or leave the organization.
Benefits of Paylocity Headcount Planning
- Plan Creation & Real-Time Management
Users can create or upload annual plans and manage them in a centralized location throughout the year, enhancing collaboration and ensuring alignment across the organization. - Automation Around the Employee Lifecycle
A seamless connection to HR data automates updates related to employee life events, from onboarding to role changes and offboarding. This automation drives efficiency and ensures informed decision-making as plans evolve. - Set Clear Company Goals
Leaders can build top-down or bottom-up hiring plans across departments, seeing real-time committed forecasts as changes occur. This feature enables granular control over staffing plans, including budget costs and employee counts. - Expedited Real-Time Changes and Approvals
Conditional workflows proactively notify the appropriate individuals for approvals at each step in the planning process. This approach keeps everyone aligned and streamlines the planning process. - Transparency to Maximize Human Capital Investments
Dashboards and analytics provide deeper visibility into the decision-making process, improving the efficiency and speed of requisitions, approvals, and job postings. Leaders can utilize this roll-up view to make adjustments and maximize their investments in human capital.
Quotes from Leadership
“Planning for workforce growth shouldn’t be a manual, time-consuming task that relies on spreadsheets and ad hoc conversations to manage a company’s most valuable resource—its people,” said Toby Williams, Paylocity President and CEO. “With our Headcount Planning solution, we’re bringing together key decision-makers across Finance, HR, and Talent Acquisition, ensuring they have access to the most up-to-date and accurate data from the Paylocity system. This enables them to refine and adjust their headcount strategy nimbly.”
Paylocity’s Headcount Planning solution represents a significant advancement in how organizations approach workforce planning. By integrating critical functions and leveraging real-time data, businesses can enhance their strategic decision-making processes and optimize their human capital investments.
