Question

It is now two years since the pandemic started. In top-down budgeting, there are three distinct but related concepts and their measures. Explain how these concepts could impact your forecasted compensation budget.

Answer 1

Answer

Top-Down spending process Vice President-deals Vice President-account Vice President-Production Marketing Sales Controller money.When the association is considering top-down planning they consider past understanding and current advertising circumstances. They utilize the last money related year budget report as a benchmark for all the offices and capacities. different elements need to e considered like contributions from lower-level managers, internal and external impacts monetary conditions, changes in charge enactment, edge pressure, increment/decline in pay costs, benefit levels of their companions, pandemic(like current COVID situation). So for models.

All the organizations have some designated financial plan on remuneration also so if there is any organization like who is the maker of office furniture. where there are complete of 10 worker

2 top administration

4 salesman

4 undertaking administrator. furthermore, presently in the event that we consider current COVID circumstance its been 4 months of lockdown, and being deals driven organization all the variables rely on deals from office furniture. All the workplaces are shut and a large portion of the organizations prefer to telecommute to keep up social removing which prompts decline sought after of sales. In request to slice off compensation to emplyoee organization lessen assets like worker and task chief from 4 to 2