Personnel changes and labor productivity in regulatory budget monitoring

Abstract

The introduction of high-tech solutions leads to a change in the format and content of almost any work, as well as a rethinking of approaches to staff planning. There is a need for a special financial and economic analysis of the object and preparation of key financial indicators standards for business planning. This calculation is based on the results of an external financial analysis without taking into account planned changes in the personnel of the enterprise and options for increasing labor productivity. The goal of the research is to propose a methodology and apply in practice for external financial analysis and calculation of the regulatory budget, taking into account the forecast of personnel changes and growth in labor productivity. To develop a business plan for the withdrawal of the enterprise from the crisis, it is necessary to have a regulatory framework for planned financial and economic indicators of the company’s development. The article proposes a methodology for the development and monitoring of such indicators in the form of a “normative budget, taking into account the forecast of personnel changes and productivity growth”, tested by the authors in real situations. The authors recommend the development of a regulatory budget for this on the basis of the monitoring model “to cover the necessary net profit and dividend payments, taking into account the forecast of personnel changes and growth in labor productivity.”

Sustainability of quality of life investments based on the digital transformation

“…This applies, primarily to certain groups of society such as the elderly, and others in need of social protection, youth, women, and minors. 2,3 Long-term planning distinguishes the operation of such institutional investors like pension funds. These financial players differ in their incomparably longer business cycles from other market participants such as the manufacturing sector, trade in goods and services to the population.…”

“…2 In addition, being socially oriented subjects and the tasks of making a profit, they consider the sustainability of development of the society and maintenance of the quality of life to be the most critical priority. [1][2][3] Such institutional investors in the world have a significant impact on the business climate due to the scale of their activities. 4 Over the following decades, they are among the top participants in NYSE (The New York Stock Exchange), SSE (Shanghai Stock Exchange), and LSE (London Stock Exchange) securities markets and stand out on the Tokyo Stock Exchange.…”

“…This research outlines the methods and results aimed at the digital transformation of methods for forecasting long-term institutional investments. [1][2][3] The most significant benefit to the study is brought by mathematical modeling with the use of computer calculations. This is because it becomes possible to replicate the results and implement the obtained algorithms as part of expert systems and automated software systems for consulting specialists and helping in making decisions.…”