Personnel Compensation and Benefits Calculations and Analysis
The key cost element of programs is people. Accurately calculating the costs of the staff of an organization is an essential skill of a competent budget analyst. Proper analysis of staffing costs is the foundation of the contribution that budgeting makes to management of an agency and its operating components. Conclusions reached from analysis lead to management action. A detailed example with explanations is provided, as well as examples of payroll cost items as well as an example of what can happen when it is not done well.