Budgeting

Using the budgeting tools within Rosters can be extremely useful to find shortfalls in your staffing, if you're spending in excess of an allocated wage cost per roster, and keep track of daily, weekly, fortnightly and individual's costs.
Once your rosters have been created and if you have access to see financial information (see Users & Security), you'll be able to use the following tools effectively to track how much you're planning to spend each roster period.

In this article we'll be talking about checking budgets daily, by staff member, through Grid View and using the Budgets tab.
We'll also cover enabling tools such as maximum wage budgets and maximum department hours.

Should you have question or concerns, please don't hesitate to contact Helpdesk.

Overview

As you're creating your roster, budgets will calculate live as you're adding in staff to shifts. These costings are based off the following information:

• Employee's base hourly rate on their staff card (including Pay Levels).
• Shift times.
• Penalty rates and overtime based on information in your award setup.
• Leave bookings.

The more accurate your shift times and rulings configured in our award interpreter are, the more accurate your estimated wage costings in Budgets will be. This information is fantastic for comparing your timesheet costs, forecasting future rosters, and generally tracking how much you're spending.

Budgets can also link in with Sales Vs. Wages to compare incoming sales projections vs. wage costs based on your roster budget.
NOTE: If Departments are in use, you can utilize the Department filter to check daily per department.

Budgets Per Day

As you're working through each day, building each roster, entering shifts and staff, you'll see each staff member entered with their shift generate a cost on the far right side. This included the total hours and estimated cost for that shift.

Once you've added everyone in, there's also a calculation in the top left area which indicates your total hours and costs for that day.

Budgets Per Person

In the pink header bar where you can see your daily costings, there is a small button to Roster by Staff Member. When enabling this option, it flips the view, displaying employee names across the top, left to right and the days/dates on the left side (top to bottom).

When using this view, you'll now get the estimates rostered hours and cost for the period for that specific person, and the daily cost for each shift on the far right.

Budgets via Roster Tab

If you're looking for a quick snapshot of costs per person, per day, per week (and fortnight), within the roster there is a drop menu in the top right.
This will currently say ROSTER; if you click it you can select an option for BUDGETS.

There are two options of how to view these budgets: Show Dollar Figures or Show Timesheet.

• Show Dollar Figures: Gives a simple breakdown of how much the full roster is costing you for each week, day, person and shift.
• Show Timesheet: Will provide a summary of the hours scheduled and how they break down according to your Award Setup.

Budgeting Tools

Apart from the general budgeting areas within the system, there are additional functions available to help get more accurate costings on your projected wages.

Add ___% loading to budget figures

• All costings in Wageloch are gross wages; before tax, super and deductions.
• Using this loading option enables the ability to add your superannuation contribution (i.e. 10%), or overheads (i.e. 25%)
• Adding a loading onto budgets will visually display the loading in the daily/hourly costings, as well as the total for the week/fortnight.

Spread an extra $___ evenly across the week/fortnight

• Use this tool to add extra cash across the roster period to take into account the possibility of calling staff in, etc.

Exclude salaried staff from budget unless rostered

• Salary staff are set up in Wageloch with a set amount of hours per period (i.e. 38 hours per week, 76 per fortnight, etc.)
• When a blank roster is created, the system will average out the salary employee's hours and total wage over the period.
  • Example: $30.00 p/h over a 76 hour fortnight = $2280.00 gross wages / 14 days = $162.85 per day
• Enabling this tool will ignore the salary employee's wages until they're rostered on.
• When you start adding in shifts, the fortnightly wage will average out over the shifts added.
  • Example: 6 shifts, 8 hours per day added over a fortnight = $380.00
• The more shifts you add in for a salary employee, the more accurate your costings will be daily.

Allow setting a maximum wage budget

• Enables the function to set a total wage budget in each individual roster.
• If the budget is exceeded, the system will highlight the value in red and provide a prompt when trying to save the roster.

We'll be covering this specific tool below.