TL;DR – The Supply & Demand Forecast in Bridgit Bench paints an accurate picture of your supply of people and compares it against the workforce demands from your projects and pursuits. You can apply people and project filters to get more granular insights and use the report to make informed staffing, bidding, and recruitment decisions.
Are you confident in your labor forecasting?
If you’re looking to understand how many superintendents you’ll need 6 months from now – is that difficult information to pull quickly? More importantly – is it accurate?
At Bridgit, we’ve seen countless contractors struggle with creating accurate labor forecasts using legacy systems and spreadsheets. Using the above example, there are typically three paths you’re forced to take:
- Consolidate and calculate the equivalent number of full-time superintendents needed by using a long, manual approach of actively changing the formulas in each cell.
- Build out advanced spreadsheet logic that, no matter how well it’s been built, still requires endless hours of updating and maintenance to keep accurate.
Enter the Supply and Demand report in Bridgit Bench.
We don’t believe guessing is the path to success
Making confident decisions based on accurate data? That’s how to impact change and make improvements the right way. With the Supply and Demand Report in Bridgit Bench, you’ll have crystal clear visibility of your workforce capacity and your active and upcoming project demands. Basically, who do we have, who do we need, and what work can we take on?
Have a surplus of people coming off projects in June? Now you can line up a new project or give more support to a project in need.
Have four bids that are looking promising? Ensure you give your recruitment team time to staff them with rightly skilled people.
The report will consider your custom allocation percentages, start and end dates for project roles, time off, and employment dates. That way, you always have accurate visibility of your pipeline needs. We then compare that against your current roster and abracadabra – you’re shown an accurate delta highlighting a surplus of people or project roles so you can take action accordingly.
You can also apply people and project filters to drill down even deeper. In the example below, filters have been applied for your Superintendent and superintendent project roles, so we know in December, we might need a few new supers if our pursuits are successful.
Run scenarios to help anticipate future project demand
The Supply and Demand Forecast in Bench was built with the flexibility to run scenarios with all of your pursuit projects. You can select specific pursuits and *run the report to see if you’ll have the capacity for one of your pursuits, multiple pursuits, or different combinations of pursuits.
With Scenario Planning in Bench, you can anticipate the ebbs and flows of your team’s capacity and keep HR and Business Development ahead of any gaps in your workforce or project pipeline.
*Scenarios run in the Forecasting Dashboard will also be reflected in the Utilization Rate and Bench Cost graphs.
To learn more about Supply and Demand Forecasting in Bridgit Bench and how it can help stay ahead of workforce needs, get a demo from our team. For a full walkthrough of the feature, visit the Bridgit Help Desk.