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Hyperion HCPHuman Capital Planning

Budget FY2015

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Agenda

» 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 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.

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Hyperion Applications

Hyperion is comprised of 3 separate applications:FINHCPLRP (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 ConceptsPrepare 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 rateFICA caps have been taken into considerationAdditional EarningsPooled 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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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?