Easily set up for taxes and benefits
Prophix’s patented detailed planning capabilities make complex people planning calculations like payroll taxes, retirement savings, benefit premiums, salaries, increases, and bonuses quick and easy.
With built-in calculation types and conditions created for personnel planning, Prophix is purpose-built to help you effortlessly tailor your planning model based on how headcounts, FTEs, salaries and other expenses vary by business unit, department, or benefit option.
Keep sensitive compensation data confidential
Prophix’s robust security is designed to keep sensitive salary and bonus data confidential. Data access allows your personnel planning administrator to control and customize access to allow department managers to see the data for their direct reports, while keeping other departments’ data private.
Layer on additional restrictions with detailed planning security, permitting only specific people to adjust certain expense amounts, and you have solution that facilitates collaboration while keeping your data secure.
Improve employee acquisition and retention
Employee acquisition and retention is complex and costly. Prophix increases accuracy in planning for new hires by allowing you to factor in hire dates, taxation rules for payroll taxes, etc.
Account for how to retain and reward your team by setting up inputs for expenses like training, conferences, performance, and retention bonuses by employee or by department.
Attrition is inevitable, whether due to resignation, retirement, or termination. Plan for employee attrition for known departures or top down, by department.
Save time
Creating and making changes to your personnel plans can be tedious and time consuming. With Prophix, automation is your greatest tool for increasing human resources productivity. Say goodbye to long IF and VLOOKUP formulas in your spreadsheets. Important calculations, including payroll taxes (FICA, FUTA, SUTA, Medicare), bonuses, salary adjustments, and fringe benefits are all automated for a more efficient and stress-free planning process.
A solution for every people planning leader
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Learn moreFrequently asked questions
Yes, Prophix helps to increase accuracy in planning for new hires by allowing you to factor in hire dates, taxation rules for payroll taxes, etc.
Yes. You can set (or import) specific parameters like employee type for each employee and then set up conditions so that each employee type applies a different formula.
Prophix looks up the state/province the employee is in and then applies the relevant payroll tax percentage for that state/province.
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