User Costs by Roles/Rates with specific time periods

In the past, I've called this Cost per hour rates with effective dates. That means we would be able to say from this date to that date, the cost per hour for a specific user (or role) is $X. There should be no limit to the number of cost records we can enter. The minimum increment of cost should be the calendar day. No need to include effective hours of the day.

similar to what i'm looking for but i need even more controls.

https://support.workfront.com/hc/en-us/community/posts/115006742913-Customize-Rates-by-Portfolio

Does anyone have any updates on this request? Its become a significant problem, especially with the year on year cost changes for our company, and its such a core function of any project management tool, I'm surprised WF is not taking this more seriously.

I agree Lidia, unfortunately we haven't reached the minimum number votes (45) for them to put this into consideration.

This would be great functionality for both year-over-year cost rate changes, as well as our hope to charge short-term "rush" rates for designated projects.

This is absolutely necessary for our teams to be able to trust the financial data that comes out of workfront. Please provide as soon as possible.

Yes, definitely a pain point....I got my hopes up last year when they delivered functionality to maintain Billing Rates within a project for multiple time periods. However, that is where it stopped. We need the ability to maintain multiple Billing Rates for our Contractors on the User; especially with a Contractor has a rate changes during the year.

This is a key missing piece of Workfront. Rates change over time, however my project financials only reflect the current rates. This is extremely painful for me when a resource moves from India to US or US to India...same resource, however VERY different rates.

To everyone commenting, we need 45 votes ( see small arrow with the current count of 35 to the left of the comment) to get this considered to be placed on WF roadmap. Please upvote if you haven't, or even ask others who share the same view to also upvote.

Up to 39! This is a MAJOR control risk for professional service firms/agencies. We must be able to track roles and rates over time, and Workfront needs to use the appropriate role/rate given the date range for calculating all revenue and costs types. Without this feature, whenever data from the past is edited for a user with a promotion/role change their revenues/costs will be recalculated incorrectly.