AIHR

JANUARY 11, 2023

Labor costs like salaries, benefits, and related taxes make up as much as 70% of total operating costs of a business. Revenue is the total amount of income that a business generates from its primary operations. An expense is an operational cost that a company must pay to earn business revenue. Why does HR need to know finance?

Cash Flow 136

Cash Flow Balance Sheet Assets Revenue 136

Zenefits

DECEMBER 19, 2022

Cash flow is critical for any business, big or small, across all industries. Hiring freezes are painful, but something has to give when cash flow is down. And for some businesses, hiring gets the ax until the cash starts flowing again. Survive global disasters or emergencies.

Cash Flow 64

Cash Flow Staffing Recruitment Revenue 64

Harvard Business Review

OCTOBER 5, 2017

The root cause is twofold: a mismatch between organizations’ strategies and actual market demand, and a lack of operational discipline. MD Anderson Cancer Center lost $266 million on operations in FY 2016 and another $170 million in the first months of FY 2017. All these problems contribute to diminished cash flows.

Hospitality 8

Hospitality Insurance Cash Flow Operations 8

Zenefits

JULY 1, 2022

Keeping your business well staffed is challenging, especially when many industries are dealing with hiring shortages. Customer service, factory operations, and retail work often need several people on the phone or in person. If you don’t have enough cash flow, you might not be able to afford enough employees for every shift.

Staffing 66

Staffing Cash Flow Software Onboarding 66

Walk Me

AUGUST 18, 2022

Healthcare organizations have three budgeting processes: Operational budgeting, capital budgeting, and rolling forecasting. The healthcare manager can separate expenses into several categories, the first of which is operational budgeting. Operational Expenses. Operational Budgeting. Capital Expenses.

Manager 52

Manager Hospitality Insurance Operations 52

Harvard Business Review

SEPTEMBER 23, 2014

It’s an operational plan. If your company’s two-day offsite involves a group of senior executives getting together to develop a strategic plan, and they do so right there and then, my guess is it’s not a strategic plan at all. Your management team is most likely looking inside-out, and it surely doesn’t have all the answers.

Manager 15

Manager Cash Flow Strategic Planning Staffing 15