Headcount Planning & Budgeting

8 Quick Tips to Avoid Headcount Planning & Budgeting Headaches

The Headaches of Headcount Planning: For most organizations – headcount planning (including salary and benefits) accounts for a whopping 50-80% of your budget. So…it’s critical to your bottom line (and your staff morale) to get it right. But there are a lot of moving parts – not the least of which is confidence that you…    Read More

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zero-based budgeting

To ZBB or Not to ZBB?

To ZBB or not to ZBB? That is the question! Zero-based budgeting (ZBB) offers a lot of benefits for organizations seeking greater sustainability or a competitive edge – but it also has a fair number of challenges. Traditional baseline budgeting – using the previous year’s budget as a starting point and making incremental modifications –…    Read More

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business budgeting

Documentation & Justification: The not-so-secret recipe for successful budgeting.

It might seem obvious – but when your business budgeting process engages multiple participants across the organization it becomes as much an exercise in communication as an analysis of the numbers.  Multi-participant budgeting works best when budget managers are able to document their assumptions, delineate how these costs align to key strategic objectives, and defend…    Read More

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Employee Retention: How Your Budgeting Process Can Help You Engage (And Keep) Your Employees

Replacing lost talent is a challenge…to say the least. It costs employers and managers an extraordinary amount of time, resources, and energy when an employee jumps ship. We’re talking lost productivity, overworked remaining staff, lower overall morale, and lost knowledge – plus recruiting, interviewing, and training costs. According to Hay Group senior principal Mark Royal,…    Read More

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A Decision Point Case Study: When is it the right time to move to a purpose-built budgeting, forecasting and reporting solution – and why?

  When is it the right time to move to a purpose-built budgeting, forecasting and reporting solution – and why? Lots of organizations “make-do” year over year with their current budgeting approach (Excel, ERP, etc.) At XLerant we often hear the question – “When is it the right time to invest in a dedicated, cloud-based…    Read More

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How (and Why) Do You Budget for Special Initiatives?

Organizations normally want their department heads to hit some targeted expense number in the budget process. They set corporate guidelines and ask each department to stay within those guidelines. But sometimes, individual departments have ideas, programs, activities or initiatives that they would like to propose that fall outside of the “standard” guidelines. These initiatives could…    Read More

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