By Andy Kamlet
Improvements in the budgeting and planning process create a ripple effect that boosts employee satisfaction.
In weighing the incentives to replace spreadsheet-only budget management practices with automated budgeting and planning software, CFOs typically focus on gains in productivity, control, fiscal accuracy, and time savings. But along the path to achieving those goals through a performance management approach, many companies also encounter a surprising side benefit: a noticeable improvement in employee satisfaction, retention, and commitment to excel.
While it may not be a core driver of ROI, the influence that intuitive and collaborative budgeting technology can have on keeping good employees happy in their work is well worth a CFO's attention. According to an October 2004 study by The Corporate Leadership Council (CLC), turnover-related productivity losses and out-of-pocket expenses can total 200 percent of the annual salary for a position. In addition to the time and direct costs involved in recruiting, screening, interviewing, and training a replacement, companies lose valuable expertise when an employee walks out the door.
How does business performance management (BPM) software improve employee satisfaction and retention?
3 comments:
I want to use Bonita or Jboss workflow, I need a simple one to start with, what do you suggest?
Ahmed,
I recommend to use any product that is based on concept of Zero Code Process.
i.e u r not in need to write code to make your process run.
Unfortunately jBPM form jboss based on concept of Biz people will work with Tech people.i.e u need to write code to make jBPM process work.
For such application (Open Source) based on Zero Code concept
1)Intalio http://www.intalio.com/
2)uEngine http://www.uengine.org/
Regards
hosamred
Not sure if this would help, but it's free: http://www.newdatabases.com/employee_database.htm
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