APQC spoke with FP&A SME Philip Peck about the process, roles and responsibilities, and critical success factors for labor cost forecasting. Peck is the vice president of finance transformation and advisory services at Peloton, a professional services firm helping organizations envision, implement, and realize the benefits of digital transformation across Enterprise Performance Management, Big Data & Analytics, Enterprise Resource Planning, Human Capital Management, Supply Chain Management, and data applications for the cloud.
Topics discussed include:
- what labor, or personnel, cost forecasting involves
- how the responsibility for labor forecasting is broken down between finance and HR
- technology drivers,
- how organizations can improve their labor cost forecasting accuracy, and more.