🚀 In our series "Conversations about Headcount Management", Michael Cikanek, former VP Finance & Operations at Vimcar (now Shiftmove) shared some interesting details about how to steer the finances of a company with 200+ employees on its path to profitability.
🥇A goldmine of insights for all companies currently trying to master the diverse demands of investors, markets and customers:

🌍 Navigating Macroeconomic Terrain

His secret to navigating macro-economic challenges and driving profitability? Rolling forecasts. 💡
Michael highlighted the importance of meticulous headcount planning & management as a key component of rolling forecasts focusing on efficiency KPIs and bottom-line financial metrics which help to identify profitable business segments and strengthen them. 📊

📅 The Power of Realtime Data Availability

Recalling economic downturns, Michael emphasized how an updated headcount plan - with continuously updated data such as leaving dates, salary raises etc. - was indispensable during events like the global pandemic and the subsequent recession. Thus, he adds: “Being up to date wasn't just about numbers; it was about timely alignment between Finance and HR” 🤝

🖥️ Tech as the Game-Changer

Lastly, when asked how to achieve realtime data availability, Michael underlined the importance of using software like Cartha. “By enabling live collaboration across functions and roles such as FP&A managers, budget managers and recruiters, platforms like Cartha ensure real-time, and transparent workforce costs.”

🎉 We're grateful to you, Michael for sharing incredible knowledge nuggets with us and hope it sparks meaningful conversations in the comments! 💬✨
Share your thoughts below👇 and let us know what else you'd like us to cover in this series.