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How do you accommodate labor allocation rule changes over time?

Question asked by rkrauss on Jun 21, 2019
Latest reply on Nov 12, 2019 by roseaguilar

This is our first year using ITP for budgeting and most of the process has been fairly easy. However, I discovered a curve ball in the calculation factors related to our labor allocation rules. We set rules using both flat amount per employee (insurance) and base compensation percentage (401K and payroll taxes). So far, so good but then I was given more detailed rules on rates for 2020-2022 and I'm stuck.


Our HR team has given us the detailed factors to use for calculations and the numbers change over the three-year period - insurance costs go up $40-$50 per employee year over year and the 401K percentage increases by 0.25% every year. Even worse, the payroll tax percentage varies by quarter. Does anyone else have this issue? If so, how are you handling it?