Optified - O3 - Financial Planning & Management

The Technology, Data & Infrastructure Process Areas (Level 1) has 5 Sub Process Areas (Level 2) and there are 15 Process Areas (Level 3) and corresponding procedures for Optified ERPNext (Level 4):

• O3.1 - Financial Forecasting
• O3.2 - Budgeting & Resource Allocation
• O3.3 - Risk Management & Mitigation
• O3.4 - Financial Performance Analysis
• O3.5 - Financial Reporting & Compliance

O3.1 - Financial Forecasting

1. Analyze current and future workforce needs to ensure talent availability.
2. Identify skill gaps and future talent requirements based on strategic objectives.
3. Forecast workforce needs based on growth projections and changing market conditions.

https://docs.google.com/document/d/1H-8Zt35MAgaOhCcL3XVdNg4zrUbAADcWajVhLrRgb3A/edit?usp=sharing

O3.2 - Budgeting & Resource Allocation

1. Attract and recruit qualified candidates for open positions.
2. Develop job descriptions and qualifications for open positions.
3. Source candidates through various channels (e.g., job boards, referrals, employee recruitment events).
4. Screen resumes and conduct interviews to identify top candidates.

https://docs.google.com/document/d/1-ASW6A3JtWq84yZm1ht5Y6jzXIgPPa6wYiHf6EwaVdc/edit?usp=sharing

O3.3 - Risk Management & Mitigation

1. Integrate new hires into the organization and provide opportunities for continuous learning and skill development.
2. Develop a structured onboarding program to introduce new hires to the company culture, roles, and responsibilities.
3. Offer training programs and development opportunities to enhance employee skills and knowledge.
4. Provide mentorship and coaching support for employee growth.

https://docs.google.com/document/d/1Zt80-0vVBgsoXeCHbgmWKVqYG2Y-Eu8Ccc3CHt_Dn-w/edit?usp=drive_link

O3.4 - Financial Performance Analysis

1. Set performance expectations, evaluate employee performance, and provide feedback for continuous improvement.
2. Establish clear performance goals and objectives aligned with individual and organizational goals.
3. Conduct regular performance reviews to assess achievements and identify areas for improvement.
4. Provide constructive feedback and coaching to help employees reach their full potential.

https://docs.google.com/document/d/1a1WWR6mLwG8AumQm5tdKsysSSxJFOfFLzgp5oATZnlE/edit?usp=sharing

O3.5 - Financial Reporting & Compliance

1. Implement strategies to retain top talent and foster a positive work environment.
2. \Conduct employee satisfaction surveys to identify areas for improvement.
3. Develop and implement programs to enhance employee engagement (e.g., recognition programs, work-life balance initiatives).
4. Offer competitive compensation and benefits packages.

https://docs.google.com/document/d/1WJT0YtJ7sWb3Gh20wVayKReCLI-P0GrxqkunuX3bY7w/edit?usp=sharing