{"id":19305,"date":"2022-02-07T17:19:55","date_gmt":"2022-02-07T17:19:55","guid":{"rendered":"https:\/\/ytalentfy.com\/tips-para-el-uso-de-la-prevision-financiera-en-el-proceso-de-contratacion\/"},"modified":"2023-02-21T15:54:45","modified_gmt":"2023-02-21T15:54:45","slug":"financial-forecast-recruiting","status":"publish","type":"post","link":"https:\/\/ytalentfy.com\/en\/financial-forecast-recruiting\/","title":{"rendered":"Tips on the use of financial forecasting in recruitment"},"content":{"rendered":"\t\t
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<\/p>

And you may ask, what is the point of having the financial forecast in a hiring process? Well, this should be the first step you need to take into account to know whether or not you can hire a new talent for your team.<\/span><\/p>

In this blog we\u2019ll tell you some things to keep in mind when you\u2019re forecasting the cost of your new hire.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Be clear about the concepts for organizing the financial forecast in the recruitment process\n<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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To talk about financial prevention we must be clear about some basic concepts such as treasury, so you will know if you can hire a new person in your team.<\/span><\/p>

Treasury<\/b><\/p>

Also known as cash flow, is the area of the company, within the financial department, in which all the cash flow of a company is managed and organized, <\/span><\/p>

And what is cash flow? It\u2019s the cash in and out.<\/span><\/p>

Table of control of Treasury<\/b><\/p>

It is a complete summary of your company\u2019s cash flow inputs and outputs over a given period. <\/span><\/p>

Depending on the size of the company, the cash flow table may be very simple or very complex with many items within a period of time (weekly, monthly, quarterly).<\/span><\/p>

In the control table we will reflect all forecasts of inflows and outflows of money in the short, medium and long term<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Being honest when making decisions\n<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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After reviewing your organization\u2019s treasury, it\u2019s important to be realistic. Many entrepreneurs act with the impulse of projects and not with the reality of finance.<\/span><\/p>

It should always be borne in mind that a selection process and the hiring of a new member have different costs in the short and long term.<\/span><\/p>

In this way, we must always take into account the financial forecast towards the future, wondering if in a few months you will still have enough resources to support the new hiring.<\/span><\/p>

Some data to consider are the salary, social security, the personnel selection agency, implements and tools of work of the new employee, among others.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Choose the type of profile to hire\n<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Understanding from the start what profile you are looking for and what you can hire is very important. The profiles you can find are:<\/span><\/p>

Operating<\/b><\/p>

It is the one that will not generate income directly, but will accelerate the transition to obtain new functionalities, goods, services, or cover basic needs of the company, such as administrative tasks.<\/span><\/p>

Keep in mind that the profiles are adapted to the business model of each company, because in another situation an administrative employee may generate income directly.<\/span><\/p>

Box generator<\/b><\/p>

These types of employees are those who increase or generate quantifiable and easily traceable income directly, such as signing a contract with a new customer.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Knowing the costs of hiring<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Now comes the time to get down to the paper, and to the cash flow chart & projections, the costs both direct and indirect derived from such incorporation.<\/span><\/p>

Thus the expenses to consider are:<\/span><\/p>

Direct<\/b><\/p>