Advanced business planning, simplified! Start your 15 day free trial now on https://modeliks.com/. Learn how to effectively forecast employee costs in this informative video from Modeliks Academy L.4. Discover various methods and strategies for financial planning, forecasting, and budget optimization to ensure efficient labor expenses and cost control. Explore workforce planning, and business forecasting techniques to enhance workforce efficiency and reduce costs. Join us to master the art of workforce modeling and labor budgeting for improved financial modeling and business expenses management.
Start optimizing your workforce costs today with expert insights from Modeliks Academy!
Chapters: 00:00 Intro 00:11 3 methods for forecasting employee cost 00:30 Method 1: Number of employees X salary 01:04 Method 2: % of Revenue 01:35 Method 3: Driver-based forecast 03:40 Defining assumptions 05:05 Forecasting employees in Modeliks 05:45 Setting up employee cost drivers in Modeliks 10:43 Sense checking forecasts 12:08 Questions investors might ask you
