Monday, January 12, 2009

Budget Cut 

Budget cuts are painful, particularly if one has to fire employees. With reductions in budgets and personnel sweeping through business, it seemed to be the right time for a discussion of a typical cutback in a communications department. The discussion is in two parts. The second part is a detailed budget template that shows how a department should be accounting for its activities. The template has been placed on the online-pr.com web site under PR processes and budgeting for use by anyone who is developing departmental budgets in a corporate environment.

Special thanks for contributions to this article go to Don Bates, Instructor and Founding Director, Master's Degree in Strategic Public Relations, George Washington University Graduate School of Political Management and Rick Gould CPA, J.D. managing partner, StevensGouldPincus, merger and management consultants to the communications industry.

As usual, I welcome any comments or suggested revisions to the article.


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