How to Forecast Employee Costs? | Modeliks Academy L.4

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Learn how to effectively forecast employee costs in this informative video from Modeliks Academy L.4. Discover various methods and strategies for financial planning, forecasting, and budget optimization to ensure efficient labor expenses and cost control. Explore workforce planning, and business forecasting techniques to enhance workforce efficiency and reduce costs.

Join us to master the art of workforce modeling and labor budgeting for improved financial modeling and business expenses management.

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Chapters:
00:00 Intro
00:11 3 methods for forecasting employee cost
00:30 Method 1: Number of employees X salary
01:04 Method 2: % of Revenue
01:35 Method 3: Driver-based forecast
03:40 Defining assumptions
05:05 Forecasting employees in Modeliks
05:45 Setting up employee cost drivers in Modeliks
10:43 Sense checking forecasts
12:08 Questions investors might ask you

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