What is the Forecast fee?

The forecast fee on a Job is the forecast of how much profit is made when this Job is successfully placed (based on total headcount).

The fees are reflected in the currency you've set in User Settings.

Where does the number come from?

You can calculate this figure in four different ways, by selecting from the "Forecast Fee by" dropdown.

Manual:

If you select "Manual", you can enter the total forecasted fee manually in your chosen currency.

Note: The % chance of placement will not be included in this Forecast Fee calculation within the Job Profile.

Headcount:

This is pulled from the fee value configured from the Compensation & Fees tab. It is the Active Total Headcount x Profit

Note: The % chance of placement will not be included in this Forecast Fee calculation within the Job Profile.

Active Applications - Manual:

This gives you the option to calculate forecast per application, breaking it down to each of your active candidates, and manually inputting the forecast from each taking into account the % chance of placement:

Note: The applications forecasted in red means that a higher headcount is required and so they are not included in the total forecast.

You can then manually edit each application forecast by clicking the edit icon and changing the forecasted amount accordingly:

Active Applications - Auto:

Selecting this option will overwrite any individual forecast fees with the Booked Fee from the Compensation Tab, breaking it down to each of your active candidates using the % chance of placement

How do I set my preferred calculation method as a default?

An administrator can do this from Settings > Admin Settings > System Preferences > Forecast Fee:

Where is the % chance of placement coming from?

If using the "Active Applications" to calculate the forecast, you will see a % chance of placement. This can be configured by an Administrator in Settings > Admin Settings > System Preferences > Placement Probability by Stage:

You can decide whether to edit the % chance to Placement or to Next Stage.

NOTE: Forecasting per application will be landing in Vincere Intelligence in Q1 2021. For now this feature is limited to Vinny Core.

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