Essay On Headcount Budgeting
Budgeting Headcount
Draft
All departments in a business need to plan and submit a budget to determine future staffing needs. Knowing department budgets can help identify open positions that have not been filled. It can also determine the eventuality of rising benefit costs for a company. If a department is regularly under or over budget, it's time to consider realigning its organizational structure to more efficiently appropriate these funds. That is where budgeting headcount comes in the picture.
Headcount budgeting and reporting is supposed to be a simple counting process with a tangible outcome. It refers to the number of people who are on the payroll at any given time. Particularly if a company is faced with a "downsizing" or "rightsizing" situation and it directly relates to the amount of dollars spent on every individual employee. However, counting the number of people a business employs on a global basis is not as straightforward as it should be.
Differences in headcounts can be
…show more content…
there exists contracts, written proofs, etc to be able to fire someone. but there are loopholes where people just pay them to keep them quiet, because nobody likes getting involved in cases and lawsuits.
A fairly basic question to be ponder upon is why does headcount budgeting become a burden for MNCs in China? It could be that the country does not have the necessary talents to deliver on its demands- because China may not have the talent pool or the resources in this environment to specialize in headcount management. Every company has its own mode of control and leadership, therefore it is of paramount importance to hire someone and groom them. Unlike the west, the concept of readily available talent is hard to come by as there's always a strict demand.
Whose fault is
Buck V. Chevroly Case Summary
749 Words | 3 PagesA. BWO will likely be able to prove that Chigurh was terminated for a legitimate business reason either because he held a management position or for the financial factors associated with fulfilling the agreement with Wells. An employer may terminate an employee for good cause under the WDEA. § 39-2-904(b). Good cause is defined as “reasonable job-related grounds for dismissal based on a failure to satisfactorily perform job duties, disruption of the employer’s operation, or other legitimate business reason.” § 39-2-903(5).
Case Study: Drake And Keeler
578 Words | 3 PagesBecause Drake and Keeler employer meets the required standards for coverage under the LMRA through engaging in interstate commerce, the specific employee right protected by section 7 of the LMRA is that they have been wrongfully dismissed of their duties because of their protected and concerted activities. Sec. 7. [§ 157.] of LMRA offers protection to employees rights to self-organization, to be able to form, join or help labor organization to bargain collectively through various representations of their own choosing and also to engage in various concerted activities for the purpose of collective bargaining or other mutual aid protection and shall also have the right to refrain from any or all of such activities except for actions that are
Jennings V. Ssm Health Care Case Summary
1212 Words | 5 PagesIn my case, Anthony W. Jennings v. SSM Health Care St. Louis (SSM), the employer, SSM Health Care St. Louis, offered to pay a severance, a payment for resigning, to their physicians, who attended a meaning in which is when the information was announced, that who ever would leave the company would be paid. Dr. Jennings then left the company expecting his pay; SSM never payed the severance. On July 27, 2010, Dr. Jennings then sues the company with a seven-count petition: which where “(1) a breach of his employment agreement; (2) a breach of SSM's written severance policy; (3) a breach of a unilateral verbal severance contract; (4) promissory estoppel; (5) unjust enrichment; (6) fraudulent misrepresentation; and (7) negligent misrepresentation" (1). Jennings wins the trial, but SSM appeals explaining to the appellate court to
Fraser Foods Case Study
888 Words | 4 PagesThe new structure is more complex, with some employees helping in
Ethics Of At-Will Doctrine
564 Words | 3 PagesEthics of At-Will Doctrine The ability for employers within the private sector to terminate its employees "at will" is a principle which was established on the basis of fairness between an employer and an employee (NCSL, 2015; Aamodt, 2016, p. 275). Although some might believe when America separated its ties from England and it's just-cause laws, the attitude was to establish a level of freedom, but the true history behind the at-will doctrine was based on the Thirteenth Amendment of the U.S. Constitution, which prevents involuntary servitude and allows individuals the right to terminate their employment at any time (Sandler, 2000). Along with this right it only seemed fair to employers to have an equal right to terminate employees' at-will (Sadler, 2000).
Hrm/531 Week 4
546 Words | 3 PagesThirdly, I believe that flexibility is very important today with the employees, because if the working hours are not flexible, they tend to either do not prefer working here or when they get the opportunity they move out. So if wee summarize, in my experience I believe that wages, growth and flexibility are the main reasons that cause turnover in the
Essay On The Importance Of Staff Retention
924 Words | 4 PagesThe importance of staff retention Nurse retention is to provide staff with implements that will empower them in the workplace. Empowerment in organizational structures include power and opportunity. Employees with high levels of power are included in lines of information, support, resources and opportunities to learn and grow (Schwinger ET AL., 2010). In additional employees who have high levels of opportunity in their jobs tend to be more proactive problem solvers and accept change. When staff have opportunity and power, they are motivated, feel more in control, have increased wellbeing and have greater job satisfaction (Schwinger ET AL., 2010).
Home Depot Financial Analysis
365 Words | 2 PagesP., Tsay, B., & Olds, P. R. (2011). Fundamental managerial accounting concepts (6th ed.). New York, NY: McGraw-Hill Irwin. WILLSON, T. (2014). Finding Budget Flexibility - or Not: The Impact of Fixed and Variable Cost.
Short Staffing Essay
1101 Words | 5 PagesShort staffing is one of the many challenges nurses encounter in the work environment. The impacts can be detrimental primarily to the patient’s outcome. To examine the effects of short staffing, research was conducted on 36,539 hospital inpatients to evaluate the amount of those exposed to an understaffed shift and how many patient outcomes resulted in a NSO (Twigg, Gelder, & Myers, 2015). NSO’s are nurse sensitive outcomes based on the nursing care provided to the patient. Patients exposed to short staffing had an increase of greater than one chance of NSO’s compared to patients not exposed (Twigg et al., 2015).
Harley Davidson Case Study Solution
813 Words | 4 PagesSolution : Introduction: A budget is an estimation of particular commodity, quantity etc. It can be prepared for any number of days but generally it is prepared wither for a year or quarter... A budget may or may not become the actual outcome.
Personnel Budgeting In Business
1639 Words | 7 PagesBudgeting can be defined as a solid process to decide the estimate of revenue and expenditure for the specific time period. This definition of budget serves for all, country, city, state, business or personal matter. It is observed that, each successful company never moves forwards without deploying budget process (Al-Shawabikah, 2000). So, talking about Personnel Budgeting, it is one of the crucial aspects of any business to keep labor or personnel budgeting in the mind at the start and end of the year to maintain or increase productivity and profitability of the business.
Herzberg Two-Factor Theory
4219 Words | 17 PagesCHAPTER TWO LITERETURE REVIEW 2.1 Introduction This chapter summarizes the information from other researchers who have carried out their research in the same field of study. The specific areas covered here are theoretical review, human resource planning objectives, approaches to human resource planning, importance of human resource planning, limitations of human resource planning, employee retention, empirical review and conceptual framework. 2.2 Theoretical Review According to Kerlinger (1979), a theory is a set of interconnected concepts or variables, definitions and propositions that presents a systematic view of a phenomenon by specifying relations among variables, with the purpose of explaining a natural phenomenon.
Trompenaars Case Study
2659 Words | 11 PagesThe analysis of the case based on two cultural frameworks by Hofstede and Trompenaars & Hampden-Turner leads us to believe that there are several reasons at play behind JPMorgan’s (JPM) hiring practices in China. In China, identity among collectivists is defined by relationships and group membership where social behavior is governed by norms and obligations. There is an emphasis on relationships even if they may be disadvantageous and in-group goals have the utmost priority.
Essay On Importance Of Financial Management
812 Words | 4 PagesFinancial management “is the operational and financing activity of a business that is responsible for obtaining and utilizing the funds necessary for effective operations. Thus, Financial Management is concerned with the effective funds management in the business process. Finance is interrelated functions which deals with marketing function, production function, Human Recourse function and Research & development activities of the business concern. Financial Management is concerned with the financing, acquisition and management of assets with some overall goal in minds. There are three major areas in Financial Management decision making.
Managing Talent Case Study
1427 Words | 6 PagesManaging talent has emerged as one of the greatest problems faced by MNC’s in India. Using three examples from industry, illustrate how organizations are managing talent in their organization? In one of the interview by Mark Zuckerberg reveals his thought on talent “Hiring for talent is more relevant than hiring for experience.” He also mentioned Less-experienced new hires may be willing to take more risks and have more potential than people with good amount of experience while joining.
More about Essay On Headcount Budgeting
Buck V. Chevroly Case Summary
749 Words | 3 PagesCase Study: Drake And Keeler
578 Words | 3 PagesJennings V. Ssm Health Care Case Summary
1212 Words | 5 PagesFraser Foods Case Study
888 Words | 4 PagesEthics Of At-Will Doctrine
564 Words | 3 PagesHrm/531 Week 4
546 Words | 3 PagesEssay On The Importance Of Staff Retention
924 Words | 4 PagesHome Depot Financial Analysis
365 Words | 2 PagesShort Staffing Essay
1101 Words | 5 PagesHarley Davidson Case Study Solution
813 Words | 4 PagesPersonnel Budgeting In Business
1639 Words | 7 PagesHerzberg Two-Factor Theory
4219 Words | 17 PagesTrompenaars Case Study
2659 Words | 11 PagesEssay On Importance Of Financial Management
812 Words | 4 PagesManaging Talent Case Study
1427 Words | 6 Pages