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 per cent 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.

Have questions about the project? See this page for FAQs

 

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.) 

 

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

Compensation Planning Tool Presentation - August 7, 2019

Watch this video to learn more about:
- The benefits of the new tool
- What is and isn’t within scope for the project
- Project timelines
- What users can expect for user acceptance testing and training

 

 

JOURNEY TO THIS POINT

TIMELINE

The project timeline is being reviewed and will 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