Study Document
Education Strategic Planning/Resource Allocation Why, Thesis
Pages:1 (356 words)
Sources:1+
Subject:Business
Topic:Budget Planning
Document Type:Thesis
Document:#30846822
Salaries and benefits are cost drivers. If there is enough revenue to cover these things then one is in good shape, but if there is not then major problems will occur. There are a lot of hidden costs that are associated with not only maintaining but adding to current staff positions. Hiring new staff involves training and support in addition to salaries and benefits; advertising new positions; along with evaluating the need for additional office space, furniture, equipment, and supplies. You also need to consider that an expanded staff requires additional time for staff meetings, supervision, and coordination. Making sure that your institution has staff is a vital aspect of doing business which makes the budgeting for this staff such an important component of any budget plan.
References
Schmidtlein, Frank A. (2001). Why Linking Budgets to Plans Has Proved Difficult in Higher
Education. In ASHE, Finance in Higher Education (pp.415-424). New York:…
Sample Source(s) Used
References
Schmidtlein, Frank A. (2001). Why Linking Budgets to Plans Has Proved Difficult in Higher
Education. In ASHE, Finance in Higher Education (pp.415-424). New York: Pearson.
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