10 Best Workforce Planning Software for C-level Executives in 2023
In today's fast-paced business world, effective organizational strategy requires efficient strategic workforce planning. As CFOs and CHROs strive to allocate resources and budget wisely, workforce planning and workforce management softwares have become indispensable. This blog post will present a comprehensive review of the top 10 best workforce planning software for CFOs and CHROs in 2023, providing details that will help you choose the best tool for your organization.
Workforce Planning / Labor Planning / Headcount Planning / Staff Planning is a process that involves determining the appropriate number and types of employees needed to carry out business operations effectively. This strategic approach to managing the workforce ensures that a company's staff resources are in line with its business objectives. Although related to workforce management, workforce planning or Headcount planning to be precise focuses more on strategically aligning a company's workforce with its overall goals.
Although some use "workforce planning" and "workforce management" interchangeably, they hold different meanings.
Let's briefly clarify the contrast between the two.
Workforce Management primarily addresses the present, whereas Workforce Planning centers on the future. For a more extensive explanation, you can refer to this comprehensive article.
For a more profound understanding, delve into our guide on Headcount Planning / Workforce Planning: How to do Headcount Planning (the Easy Way) Using Agentnoon.
Furthermore, although there is some overlap with succession planning, there exist notable distinctions when compared to workforce planning. To explore these disparities, please take a look at our article: "5 Powerful Steps to Do Better Succession Planning".
Managing workforce plans can be a gruelling task. However, workforce planning tools can make the job much easier and more efficient.
Improving employee productivity is crucial for any company to maintain financial health, and using the right headcount planning software can help achieve this goal. But with multiple options available, it can take time to determine which is an excellent fit for your company. Let's start by exploring the top workforce planning softwares in the market.
Agentnoon is an innovative solution for headcount planning that provides headcount modeling, headcount spend forecasting, and headcount approval management capabilities to keep you informed. CFOs can make strategic decisions with a comprehensive overview of their workforce through Agentnoon.
The software offers a user-friendly interface, making it accessible to all team members, especially executive leaders.
One of the most impressive features of Agentnoon is its ability to integrate with 100+ HRIS tools, enhancing its functionality while allowing businesses to leverage their existing data and systems.
Agentnoon can help track your company's health in real-time and prevent unexpected headcount spending.
Check the image below for Agentnoon's workforce planning software:
Pricing: $199 per user per month for up to 200 employees. Enterprise plans are also available.
Get in touch and start accelerating your strategic workforce planning process.
G2 Awards:
Agentnoon was awarded the best workforce planning software in terms of Easiest to do business with and Best support when it comes to strategic workforce planning software in Spring 2023.
Excel and Google Sheets are popularly used to organize, calculate, and store data. Both are widely accessible and easy to use, making them a common choice for many companies as a starting point for their workforce planning. Here's a free headcount planning template in excel for you.
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Workday Adaptive Planning is a cloud-based financial planning software that helps companies to plan and forecast their future performance. It provides tailored solutions covering financial, sales, and workforce planning.
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Pricing: Although the website does not provide specific pricing details, it has been estimated by multiple sources that the cost is at least $25,000 per year
Check the image below for Workday's workforce planning software:
Rippling is a centralized platform for HR, IT, and finance departments. It allows companies to streamline processes and improve communication and collaboration among teams that might otherwise be separated.
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Pricing: Minimum $1,600 per month for teams of up to 200 employees.
Check the image below for Rippling labor planning software:
Orgvue's organizational design and workforce planning software deserves to be on this list. It allows companies to prepare for the future by monitoring and analyzing their people's data in real-time.
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Pricing: The costs are not disclosed on the website. Various sources state that it’s between $50,000 - $500,000, depending on your company size.
Check the image below for Orgvue's workforce planning software:
SAP SuccessFactors is an all-in-one human capital management (HCM) solution encompassing various essential HR processes. From payroll and benefits administration to time tracking and beyond, this comprehensive tool streamlines key HR functions, helping businesses to optimize their workforce management processes and drive greater efficiency and productivity.
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Pricing: Based on multiple sources, it is estimated that the initial cost for SAP Success Factors is $30,000 - $50,000 per year for your workforce planning needs.
Check the image below for SAP labor planning software:
HiBob is an HR platform that blends multiple features with a user-friendly and contemporary interface. Its goal is to help HR teams optimize productivity, engagement, and retention.
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Pricing: Exact pricing is only available when contacting the team directly. Estimated to be $8 per employee per month.
Check the image below for Hibob's workforce planning software:
ChartHop is a people ops platform for strategic workforce planning that consolidates people data from multiple sources. It helps businesses to effectively plan, analyze, and visualize their workforce.
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Pricing: $1,600 - $3,200 per month for up to 200 employees.
Check the image below for charthop's workforce planning software:
TraceHQ is a platform designed to assist businesses with their financial planning and analysis needs. TraceHQ provides a more efficient way for finance, HR, talent, and hiring managers to work together on workforce planning, workforce management, recruitment progress monitoring, and data analysis.
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Pricing: Exact pricing is only available when contacting the team directly.
Check the image below for TraceHq's headcount planning software:
Team Ohana is an upcoming workforce planning tool that assists companies in managing their most valuable resource - their employees. With a strong emphasis on efficiency and ease of use, Team Ohana's workforce planning offers a variety of features that provide leaders with the information they need to make informed staffing decisions.
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Effective workforce planning is crucial for any company to achieve its goals and objectives. Without proper planning, businesses may risk overstaffing or understaffing, which can negatively impact their bottom line.
Using the right tool, such as Agentnoon's workforce planning software, businesses can streamline their headcount planning process, effortlessly collaborate and ensure that headcount plans align with the company's goals. With available features of headcount modelling, headcount spend forecasting, and headcount approval management capabilities, Agentnoon is one of the top headcount planning software in the market, as the platform makes it easy to manage and optimize headcount planning.
Book a demo call with us and start building the workforce planning process you’ve always dreamed of!