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Paying for Poor Performance: The Costs of Avoiding Change
Why would we ever “manage”, “accept the status quo”, or “make-do” if we are the paying customer? Sounds irrational – yet it ends up happening to most of us. For example, think of a time where you made a major purchase or changed service providers and didn’t love...
When the Employee Suggestion Box Meets Budgeting…
Remember the employee suggestion box? There might still be some relics mounted on a wall somewhere with a stack of paper and pencils nearby. Can you imagine being the person responsible for translating all of those anonymous, one-to-two sentence thoughts into...
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...
To ZBB or Not to ZBB? Evaluating Zero Based Budgeting.
To ZBB or not to ZBB? For finance teams considering the pros and cons of zero based budgeting – that is the question! Zero based budgeting offers a lot of benefits for organizations seeking greater sustainability or a competitive edge. But it also has a fair...
Documentation, Justification & Communication: Key Ingredients for Budgeting to Strategy
Ultimately your budget needs to be a numerical expression of the strategic plan. At XLerant, we believe the best way to align your budget to strategy is to reach out to the people on the front-lines – your employees! But when your budgeting process engages...
Budgeting as an employee engagement strategy?
Budgeting as an employee engagement strategy? Yes, it sounds ridiculous. Who looks forward to budgeting? For most of us the answer is: “Not me, not ever.” So how can budgeting (a process that is as dreaded as a dentist appointment or tax season) actually improve...
CFO Guide to Strategy Execution
We hope you enjoy this guest blog, an excerpt from the CFO Guide to Strategy Execution by Jennifer Eversole, CPA, Co-Founder & Partner, Management Stack, LLC. To read the full article please click here. Or to watch Jennifer’s webinar Strategy Execution with...
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...
Building Corporate Reputation Through Employee Empowerment
“The way to gain a good reputation is to endeavor to be what you desire to appear.”– Socrates A reputation is something you build. Which means that all companies have choice about how they want to be seen, and that’s pretty empowering. When your team sits down...
