What do you do if your budgeting and forecasting team lacks motivation and engagement?

I get my team excited by highlighting tangible business results that have been achieved by their partnership with Sales and Operations. No matter how big or small the business, showing someone how their efforts improve the overall business always gets them excited. They become contributors and are excited by change.

Make sure team members understand their roles and responsibilities, as well as the expectations for their performance. Clearly define goals and objectives for the team and individuals, ensuring they are realistic and achievable.Acknowledge and appreciate the efforts and achievements of team members. Whether through verbal praise, incentives, or formal recognition programs, celebrating success boosts morale and motivates employees to continue performing well.

Sin duda que involucrar al equipo en el proceso de establecer metas reales y factibles ayuda mucho a tener mas engagement y compromiso por parte de todos los responsables. Definir y explicar claramente la visión y los objetivos son claves para que todos sepan hacia donde vamos y el por qué de los planes de acción propuestos y las métricas establecidas.

De acuerdo a mi experiencia, es muy importante establecer metas claras y hacerlas del conocimiento de todos los colaboradores que integran un equipo de trabajo, para lograr definir los planes de acción específicos, que vayan encaminados en la dirección correcta. Si hay personas que se sientan desmotivadas o desconectadas, es muy importante identificarlo e indagar las causas, a fin de dar seguimiento correcto y oportuno.

In a realm of numbers, a leader saw their team's spirit wane. Embarking on a quest for change, they listened, innovated, and celebrated, transforming tasks into adventures. By introducing challenges and celebrating efforts, they rekindled passion. External tales of success inspired the team, making their work part of a grand narrative. This approach shifted their view, turning apathy into ambition. The leader's wisdom reignited engagement, morphing routine into innovation, and remolded the team into eager explorers of the future.

I tend to engage my team during budget preparation and they are key player in drafting budget assumptions, i also keep them engaged with business unit to make sure budget variances are well understood. By doing this they feel they are engaging and motivated to achieve deliverables targets

With dynamic changing environment budgeting and forecasting is a constant process and should have flexibility to adapt to chaging business needs and surroundings. Teams should be given flexibility keep adapting and updating to keep in line and yet achieve company goals

Motivação é sempre um ingrediente indispensável na gestão de qualquer equipe. Sem motivação, você não levanta da cama para trabalhar, quem dirá ter produtividade e eficiência.

Las estrategias de la zanahoria y la palmada en la espalda son necesarias para establecer los incentivos y recompensas adecuados y merecidos de acuerdo al desempeño mostrado , eso sí tanto para cuando el feedback es positivo como negativo debemos tratar de ser honestos y proactivos . La falta de feedback puede generar un ambiente negativo y pesimista aún cuando los objetivos sea hubieran alcanzado y todo sea una maravilla.

Providing timely, specific, and constructive feedback helps them refine their skills and understand their impact, while recognition acknowledges their contributions and efforts. This combination not only boosts morale but also enhances accountability and motivation. Balancing positive and negative feedback through various channels ensures continuous improvement and growth. Let's remember, a motivated and engaged team is built on trust, responsibility, and consistent appreciation.

I have found it helpful when we schedule a regular discussion and review. This doesnt just encourage engagement and motivation, it also enables the whole team to learn from one another and become an effective team focused on certain objectives.

Muchas veces encontramos los Corto circuitos dentro de nuestros Equipos de trabajo ,familia ,amigos,vecinos ,etc.. La Incapacidad de comunicarnos abiertamente nos aísla y nos pone a la defensiva asumiendo lo que la otra persona quiere , piensa o va a proponer, lo que nos genera paredes que bloquean la comunicación y evitan que avancemos. Una buena técnica es enumerar todos los puntos o aspectos compartidos asi como los objetivos a conseguir , de esta manera el equipo puede partir de un punto en común claro que promoverá la comunicación inicial y deberá conducir a un trabajo mas colaborativo.

Encouraging collaboration and communication is crucial. By creating a culture of trust, respect, and transparency, and facilitating information sharing through tools like cloud-based platforms, online meetings, and brainstorming sessions, we can ensure that everyone feels valued and heard. This collaborative environment leads to better problem-solving and innovation. Empowering your team with responsibility and promoting open communication are fundamental steps towards achieving the best results in budgeting and forecasting. Let's continue to build teams where everyone feels motivated and engaged!

Capacitar a equipe, atualizando-a ao mercado e técnicas atuais e modernas é importante para o desenvolvimento dos trabalhos de engenharia e de gestão. Esta colaboração aos membros da equipe é significativa a cada um, com reflexos positivos ao trabalho e ao próprio crescimento individual e coletivo na Equipe. Abraços, De Angelis

Es innegable que mantener un equipo de trabajo en formación continua no solo te dará mejores resultados sino mantendrá el equipo motivado y facilitará la innovación a la hora de lograr los objetivos.

By combining training opportunities with strategic delegation, you not only help your team grow professionally but also foster a sense of ownership and intrinsic motivation. This dual approach ensures that your team remains dynamic, engaged, and continuously improving their skills.

Most important is to align the team with the business goals so they can see the wider picture. This will definitely motivate the team. In my experience one of the reasons why teams lack motivation or looses motivation during the exercise is because budgeting and forecasting involves considerable iterations. One cannot completely overcome this but the best way to minimise the iterations is by having agreement with respective stakeholders on the variables in advance. Also to create a culture in the organisation which ensures that the inputs to budgets and forecast are received on time without or minimal follow-ups.

I agree, and it starts with showing the team how this supports business or adds value to the Company. A bigger picture and higher goals work to get things going… Involve the team throughout and empower them to present before business leaders

I agree with this point and want to add that many times it becomes imperative to give your wholehearted support to the team to keep them motivated. It is a must for us to coach them, to give them comfort when necessary and to support them with our own knowledge and experience. We should advise them on the different ways of doing the required work. Sometimes, complete involvement with the team is necessary and when the work starts, we should empower them so that they will be interested in doing the work.

Se dice que la responsabilidad y el Control nunca deben ser delegados , esto es muy cierto y responsable pero ojo no debe limitarte y encerrarte en una espiral de control que te lleve al burn out con el Micro management. Si el equipo y los colaboradores de confianza conocen a la perfección la vision , misión y objetivos de la Empresa , ademas de las normativas y formas de proceder de la compañía y además muestre un fuerte compromiso y mucha actitud entonces está listo para que se le deleguen responsabilidades y proyectos específicos donde los resultados puedan mostrar los Frutos de su trabajo y esfuerzo , esto conllevara la gratificación y reconocimiento acorde.

Involucrar al equipo no solo lo motiva, también le permite sentirse parte, lo que genera pertenencia hacia el proyecto. Lo anterior hace que exista automotivacion de parte del equipo.

Additionally I create a comprehensive approach to motivating and engaging my team: - autonomy and decision-making - organize regular team building activities to promote collaboration and a sense of belonging - implement recognition programs to acknowledge and reward outstanding performance and contributions - recognizing team member’s efforts publicly reinforces positive behavior and motivates others to strive for excellence.

Often the forecasting team is asked to incorporate lot of changes at the last minutes, making a subpar outcome. This part can be eliminated with timely feedback for next steps and also a clear and quick decisions on GO/ NO GO points. Further automation can bring accuracy and make the tasks more time bound. Further resilience business cases and transformations stories can motivate team members to give their best and stay in track in adverse situations.

Es de vital importancia el que tú equipo sepa de una situación de carácter manejos de equipos y dar prioridad a lo que te va ayudar

Nuestros equipos deben tener claro que se espera de ellos y cuales son las metas y objetivos macro que se buscan. El como conseguirlos queda bajo su responsabilidad y gestión, siempre enmarcados en los lineamientos operativos,éticos y legales de la organización. También hay que tomar en cuenta que si bien siempre se parte con presupuestos iniciales estos casi siempre sufrirán modificaciones las cuales deben ser tratadas adecuadamente, lo peor que puede ocurrir es que un proceso evolutivo , un proyecto en curso ,etc… quede truncado o retrasado por falta de atención, toma de decisiones o asignación de recursos, lo cual repercutirá en objetivos no alcanzados y siempre habrá la tentación de buscar un culpable. 👀