The advantages of successful budgeting will let employers engage in strategic planning as they try to balance employees' needs and a budget. One avenue employers can explore is taking advantage of new tools, such as electronic plan administration, and offering new benefits beyond the traditional health, disability, and life insurance, and retirement plans.
After the course, participants will be able to:
- Identify the benefits of budgets
- Practice a basic process to set up the master budgets in enterprises
- Use budgets to control the business activities
- Identify principles to effectively apply budgets in enterprises