EMPLOYEE ENGAGEMENT AS A BUSINESS STRATEGY
FOR FINANCE & LEADERSHIP TEAMS
"When people feel ownership of their work, they are more likely to own the problems that occur and take on the daily task of finding solutions much more enthusiastically."
Chris Musselwhite, Founder, Discovery Learning International
Our Philosophy
AT XLERANT, we believe that employee engagement is an essential component of good financial practices...and that the best thinking comes from department heads who are experts in their areas.
SUCCESSFULLY ENGAGING department managers in the budgeting process – through positive communication and collaboration – is quite possibly the single most important element in achieving an accurate budget.
Engaged Employees = Better Business Results
Companies with engaged workers have 6% higher net profit margins* and 5x higher shareholder returns over five years.**
*Towers Perrin research. **Kenexa research.
10 Benefits of an Engaged Workforce:
- Employee Retention
- Increased Innovation
- Commitment to Organizational Goals
- Enhanced Reputation
- Increased Productivity
- Reduction in Healthcare Costs
- Better Workplace Safety
- Better Customer Service
- Less Absenteeism
- Less Waste
Collaborative Budgeting Builds on Employee Engagement
Benefits of Collaborative Budgeting:
- Engagement, Accountability & Ownership
- Clear Communication
- Strategic Thinking
- Quality Forecasts
- Budgetary Accuracy
- Positive Financial Outcomes
PUBLICATIONS ON ENGAGEMENT & COLLABORATIVE BUDGETING
Employee Engagement as a Business Strategy for Finance & Leadership Teams
Leverage your budgeting process to achieve your strategy, and foster a culture of innovation, engagement, and commitment...
Maximize Employee Engagement to Drive Financial Results
Engaged employees believe in their company and do what’s best to help move the company forward, even when nobody’s looking...
Avoiding the Potential Pitfalls of Collaborative Budgeting
Discover the keys to a successful participatory budgeting approach within your organization...
Multiplayer Game: Making Multi-Participant Budgeting Work
A truly strategic budgeting process requires engaging your department heads...
In Harmony: Collaborative Strategic Budgeting for Fiscal Stability
Building and executing a budget is much more than a financial process; it requires deliberate work to create a culture of open communication...
WEBINARS ON ENGAGEMENT & COLLABORATIVE BUDGETING
Maximize Employee Engagement to Drive Financial Results
Jennifer Eversole, an industry expert in finance and organizational strategy, explains how finance teams can maximize employee engagement, which has been proven to drive financial results.
The Keys to Successful Distributed Budgeting
Budgeting can be a challenge, whether you’re a company with 20, 75 or even 200 budgeting participants. As with most things, the more people you engage in the process the more complicated, time-consuming, and error-prone the experience can be. But it doesn’t have to be.
BLOG POSTS ON ENGAGEMENT
How Your Budgeting Process Can Help You Engage (And Keep) Your Employees
Replacing lost talent is a challenge…to say the least. It costs employers and managers an extraordinary amount of time, resources, and energy when an employee jumps ship. We’re talking lost productivity, overworked remaining staff, lower overall morale, and lost knowledge – plus recruiting, interviewing, and training costs. According to Hay Group senior principal Mark Royal…
Building Corporate Reputation Through Employee Empowerment
A reputation is something you build. Which means that all companies have choice about how they want to be seen, and that’s pretty empowering. When your team sits down and talks about the kind of company you really want to “be”…
CASE STUDIES ON BUDGETING ENGAGEMENT
Western Governors University has transformed its budgeting culture to one of engagement & accountability...
Hunt Companies is successfully engaging on-the-go real estate employees in the budgeting process – with oustanding results...
We designed BudgetPak to fill the need for a budgeting, forecasting & reporting solution that actively engages employees in the budgetary process.
Ready to learn how BudgetPak can help you engage your budget holders?
XLerant provides cloud-based budgeting, forecasting, and reporting solutions designed with easy-to-use interfaces that make a complex process accessible for finance teams and budget managers alike. XLerant's software-as-a-service (SaaS) solutions serve small to mid-size enterprises that value collaborative environments as an effective way to engage employees and achieve their strategic objectives. The company's premier product, BudgetPak, has been recognized for outstanding usability, quick implementation, and exceptional support.
Engage. Empower. Achieve.
(203) 883-4380
© 2018 XLerant