Dayforce can use a variety of planned targets when calculating your organization’s labor budget. A plan target is a value for a specific KPI, such as an average hourly rate of $16.50, that your organization uses in its planning process. Dayforce uses this targeted value along with other appropriate KPIs to drive your labor budget. It calculates what labor budget a location can use, taking into account the values of other appropriate KPIs, while still hitting the plan target.
Role feature access: Plan Setup > Plan Setup > Plan Targets
During plan calculations, Dayforce splits the KPIs your organization tracks and with which it plans into three categories in Dayforce:
- Input KPIs: These KPIs are loaded into Dayforce and are static values in your organization’s budget used to calculate the labor budget. They can be adjusted values from last year’s figures, such as sales or number of transactions.
- Target KPIs: Your plan’s target KPI is set in Plan Setup. The target value is used with the input KPIs to calculate the labor budget. The target KPI can be adjusted in Dayforce during the planning process.
- Derived KPIs: These are calculated from both the input and target KPI values, using an appropriate formula.
Which KPIs your organization uses and which are inputs, targets, or derived depends on the initial implementation of Dayforce.
See the following topics: