1. Labor Cost Planning (Monthly & Quarterly):
- Collaborate with Workforce Planning and Operations teams to translate headcount plans into accurate labor cost budgets.
- Develop monthly and quarterly labor cost plans across sites and cost centers, covering full-time employees and outsourced labor.
- Build and maintain labor cost models, incorporating key cost drivers such as manpower mix, overtime usage, and vendor rates.
- Partner with Finance Business Partner and Operations stakeholders to align on budgeting assumptions and ensure data consistency.
2. Labor Cost Forecasting
- Prepare monthly and quarterly labor cost forecasts for Operations.
- Analyze variance between Budget, Forecast, and Actuals, identifying key drivers of deviations.
- Run scenario simulations (e.g., hiring delays, attrition impact, outsourcing mix changes) to assess financial impact.
- Provide forward-looking cost visibility to support operational planning decisions.
3. Budget Monitoring & Cost Control (Weekly/ Daily
- Track daily and weekly actual labor costs against approved budgets across operational site.
- Monitor key cost metrics (e.g., overtime usage, labor productivity impact, outsourcing ratio.
- Identify cost deviations or inefficiencies early and collaborate with Operations to address root cause.
- Escalate budget risks with data-backed analysis and recommendation.
4. Reporting & Insigh
- Prepare regular labor cost dashboards and management report.
- Provide analytical insights on cost drivers and workforce structure efficiency.
Requirements
- Bachelor's degree in Finance, Business, Economics, or related fields.
- Minimum 3–5 years of experience in budgeting, FP&A, workforce planning, or cost control.
- Strong analytical and numerical skills; advanced proficiency in Excel/Google Sheets (BI tools are a plus).
- Experience working with operational or high-volume labor environments is preferred.
- Strong attention to detail and ability to manage large datasets.
- Effective communication and cross-functional collaboration skills.
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