Hyperion HCP Human Capital Planning

1. Hyperion HCPHuman Capital Planning Budget FY2015

2. Agenda • What is HCP? • Structure of the Hyperion application • Why position budgeting? • The HCP highlights or key concepts • HCP next steps

3. 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.

4. 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!

5. 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 multi-year 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.

6. 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.

7. Data Flow for Human Capital Planning Budget Development

8. 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.

9. 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

10. HCP Highlights or Key Concepts • 11 Pooled positions will be pre-loaded as “vacant” for all departments. • Adjunct Temp Faculty Pool • Call Pay Pool • Event Staff Pool • GTA/GRA Pool • Overtime Pool • Part Time Pool • Salary Reserve Pool • Shift Differential Pool • Student Employees Pool • Summer Pay Pool • Other Academic Non-Faculty Pool

11. 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.

12. 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.

13. Any Questions?