This new tool will better meet departmental and divisional needs for accurate, multi-year compensation planning, and will improve the University’s long-range operating budget process – a process that accounts for 70 percent of the University’s total expenditures.

Through community consultation, the Planning & Budget Office and EASI have selected leading-edge technology from Questica – to provide a holistic, accurate, intuitive and streamlined user experience. Beyond maintaining the core functionality of the current SAP B6 application, this tool will support a more efficient compensation planning process and will provide the flexibility for future expansion as the University’s needs change.

Compensation Planning Tool (CPT) Project Delay

Due to the ongoing COVID-19 pandemic and the S4/HANA upgrade the implementation of the Compensation Planning Tool has been deferred until after the 2021-22 budget process. The B6 will continue to be used for the 2021-22 budget.

Although the launch has been delayed, the project team continues to work on the final phase of development – reporting and user experience enhancements.

We will use this website to communicate updates as they become available.

Have questions about the project? See this page for FAQs

 

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WHY MAKE THIS TRANSITION?

  • The B6 was developed at a time when U of T’s budget was a much more centrally-managed process (25 years ago) – divisions and departments now have greater responsibility for long-term planning.
  • Planning & Budget and EASI has chosen a tool that will meet the needs of a decentralized community of administrators with a diverse range of budgeting processes.
  • Selecting Questica, a cloud-based application, ensures the University will continue to implement best-in-class technology and remain at the forefront of innovation.  
  • By partnering with divisions in the upfront development, we expect to increase efficiency, reduce risk, and avoid duplication of resources.

BENEFITS

  • Provides an improved, intuitive user experience, data analysis and validation
  • Increases long-term planning accuracy with a five-year planning outlook and salary increase projections
  • Provides a holistic view of compensation, which expands beyond the current data on appointed staff to include non-appointed staff
  • Provides flexibility with versioning and/or “what if” scenario planning
  • Increases planning and analysis accuracy by incorporating data on a monthly (vs. annual) basis 
  • Simplifies compensation projections by automating salary increase assumptions (e.g. ATB, Merit, Grid etc.) 

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SCOPE

WHAT IT IS

  • Multi-year compensation plan
  • Holistic view of appointed and non-appointed staff, hospital-based faculty, benefit costs and salary increase projections
  • Compensation scenario planning

Note: PTR pool calculations will be launched separately

WHAT IT ISN'T

  • Overall financial modelling (non-compensation, capital, restricted funds)
  • Reconcile and report on actuals with transaction-level details from FIS
  • Implementation of PTR or other salary increase processes

TIMELINE

The project timeline is being reviewed and will be published when consultation with Questica is complete.

PROJECT LEADERSHIP

Executive Sponsors:
Trevor Rodgers
Assistant Vice-President, Planning & Budget

Cathy Eberts
Director, Enterprise Applications and Deputy CIO

Project Leads
John Ogg
Manager, Financial Information Systems, EASI

Jenny Cheng
Manager, Budget Administration, Reporting, and Information Systems, Planning & Budget

Darshan Harrinanan
Project Manager, EASI

CONTACT

Darshan Harrinanan
Project Manager, EASI
darshan.harrinanan@utoronto.ca