What is personnel cost planning important for?

The personnel costs of a company are one of the highest items in the expenses and must be effectively planned for the year. This is the only way to ensure that the budget can be optimized and that a quick reaction can be made in case of bottlenecks or deteriorating order situation.

Personnel cost planning also offers the advantage of identifying potential savings at an early stage and, by means of reporting, provides a good overview of whether hiring additional employees is possible, necessary or not feasible.

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