Making a profit and remaining competitive as an employer can often be a challenge. It’s a fine line between doing what’s best for your customers and your business to bring in the money, and paying out money for effective recruitment, training and support for your workforce to lower attrition.
Many companies make the mistake of skimping on wages and training costs to widen profit margins and will work with the most basic systems to ensure cheaper technology invoices.
However, operational budgets are a delicate topic and need careful analysis to determine the best way forward through automation and recruitment to ensure performance is maintained to the highest standard. Accurate planning, management information reporting and customer feedback can help to manage your budget effectively, leaving you in the green, put in place the necessary processes and systems and prioritise what’s needed over what’s nice to have.
This course is aimed at people who manage a department budget, own their own business, or are responsible for business profits and losses. It will help provide a deeper understanding of financial models to move businesses forward into profit. It would be particularly beneficial for:
This course will provide insight into accurate budget planning tools, provide examples via real-life case studies and allow you to discuss current budgeting concerns with other senior managers in similar roles.
You will be able to create a structure for monitoring and managing your own budgets using a budget planning framework and select the best tools and strategic planning processes to suit your management style.