Budgetary planning and control and the evaluation of performance Essay

Budgetary planning and control and the paygrade of performance - Essay ExampleIt represents a plan for the future expressed in formal, measurable terms. (Botner, Stanley, 1991).To be helpful, a budget must be prepared in sufficient detail to inform completely levels of management of the exact expectations. It is not sufficient to establish a personnel budget for an institution and termination the detail to a statement of the overall number of employees. This serves no purpose except, per adventure, as part of a summary. Rather, a personnel budget should detail the quantities and instances of full-time equivalents by department or cost center, perhaps by shift or by workstation. It should detail the salaries to be paid and the components, including routine, overtime, shift pay, cost of maintenance or merit increases, and so on. All positions -- va appriset and otherwise -- should be included in the budget. To run across the quantity of data necessary to support a detailed plan, a intercellular substance organization of rows and columns is essential. The matrix allows a significant amount of information to be displayed in an tramply manner and a express amount of space. If organized properly, interrelationships can easily be seen, the data can be viewed and unders overlyd quickly, and the chance of arithmetic error can be reduced or eliminated. bets 1-1 and 1-2 display two such matrix-style worksheets for a nursing departments personnel budget in computing device spreadsheet form. One other advantage of a matrix-style worksheet is that it can help guard against errors of omission by specifying certain data to be collected in a particular set of columns or rows. Rather than calculate a salary budget and mistakenly take out charge pay or other premium payments, the worksheet can be set up in amelioration and require that information about these premiums be included for use in the calculations. In order to minimize the chance of leaving something out, it is best to set up budget spreadsheets well in advance of the actual budget preparation schedule and carefully consider actual data requirements. Remember that because computer spreadsheets can hold so much data, it is better to err on the side of collecting too much, rather than too little, data. (Klay, Earle, 2003)Personnel resources that pose a particular problem in terms of recruitment and/or retention can also be dealt with in the budget by inclusion of a recruitment plan, a budgetary emphasis on human resource development and training, or Figure 1-1 XYZ Memorial Hospital Nursing Budget -- Salaries, Fiscal Year 19XX Personnel 2 2 3 3 4 Class North South North South North Total top Nurse Charge Nurse Clinical Specialist RN - II RN - I practical nurse Nursing Aide Unit clerk Total This matrix organization allows the salary data for pentad nursing units to be aggregated and displayed in such a way that the dollar amounts by type for each nursing unit can be compared easily w ith those for the other four units. The dollar set are added both down and across and since the total from the rows must equal the total from the columns, the chance of arithmetic error is reduced or eliminated. Figure 1-2 XYZ Memorial Hospital Nursing Budget-FTEs and Salaries, Fiscal